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Novel Sodium-Ion Battery-Powered EVs To Hit Chinese Streets in January

The Truth About Cars

JAC Motors has developed a new EV sporting a sodium-ion battery that it says has lower costs and more abundant raw materials. EVs are entirely too expensive, and tax credit rules are confusing, making it difficult for the general car-buying public to afford an electric car and then understand how it impacts them financially going forward.

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Top Factors Affecting EV Adoption

EV Connect

Drivers want a safe, affordable and comfortable way to get from A to B. Incentives and restrictions The extension of the light-duty EV tax credit through 2032 locks in generous savings for consumers in the short term. There’s a parallel with smartphones, which barely existed in 2010, but are now owned by 85% of American adults.

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T&E report suggests smaller EVs could reduce demand for critical metals significantly

Green Car Congress

However, policies to incentivize small affordable entry-level BEVs, adopt innovative battery chemistries and reduce private car journeys, could cut demand for key metals lithium, nickel, cobalt and manganese by 36-49%. lithium batteries without cobalt or nickel (LFP), or sodium-ion batteries) and fewer km driven by private car.

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How Umicore is ensuring sustainability in the North American EV battery chain

Charged EVs

Furthermore, IRA-compliant battery critical mineral supply could be redirected globally to supply US electric vehicles, thereby benefiting from the US Clean Vehicle Tax Credit. For Umicore, our plans to build our pCAM and CAM gigafactory in Canada were made and announced before the IRA made headlines.

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How Umicore is ensuring sustainability in the North American EV battery chain – Charged EVs

Baua Electric

Furthermore, IRA-compliant battery critical mineral supply could be redirected globally to supply US electric vehicles, thereby benefiting from the US Clean Vehicle Tax Credit. For Umicore, our plans to build our pCAM and CAM gigafactory in Canada were made and announced before the IRA made headlines.