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J.D. Power: US growing increasingly divided on EV adoption

Green Car Congress

Accordingly, the top 10 states with the highest overall EV adoption rates—California, Washington, Hawaii, Oregon, Nevada, Maryland, Arizona, Colorado, Utah and Massachusetts—have continued to see EV adoption rates grow steadily, climbing year-over-year through the first half of 2023. Methodology. Power EV Index and the J.D.

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Ford, Redwood Materials partner on closed-loop battery recycling, US supply chain; Ford invests $50M

Green Car Congress

Ford Motor Company and Redwood Materials are collaborating to build out battery recycling and a domestic battery supply chain for electric vehicles. Ford and Redwood are collaborating to integrate battery recycling into Ford’s domestic battery strategy. Earlier post.)

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Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley

Teslarati

In addition, the United States has an under-supply of affordable EVs and cheap batteries for electric vehicles. Meanwhile, China has an oversupply of affordable EVs and cells in the battery market. Even Europe is leaning towards domestically sourcing and supplying battery cells for electric vehicles.

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Opinon: Lithium Market Set To Explode; All Eyes Are On Nevada

Green Car Congress

While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending American lithium boom. This really is disruptive technology. Albemarle Corp.

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Panasonic’s battery unit misses annual profit estimate – ET Auto

Baua Electric

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. Operating income for the key segment, which makes batteries for Tesla and other automakers, totalled 88.8 billion yen (USD 570.18

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Tesla co-founder’s battery recycling firm gets a cushy $700M investment round

Teslarati

Redwood Materials, a battery recycling company founded by Tesla co-founder J.B. Rowe Price Associates, Inc., Redwood’s ultimate goal is to create a “closed-loop supply chain for electric vehicles and energy products, making them truly sustainable and continuing to drive down the costs for batteries,” the company said.

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Tesla and the EV sector’s growth is driving up lithium, cobalt, and nickel prices

Teslarati

The momentum of EVs as a whole may hit some challenges soon, however, partly due to the rising prices of raw materials that are critical to the production of batteries. The prices of lithium-ion batteries have seen a 90% decline to just about $130 per kWh. Increasing EV Demand. Addressing A Supply Shortage.

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