article thumbnail

Tesla Energy director believes Australia can become a large supplier of lithium

Teslarati

Lithium prices declined in 2020, partly due to the pandemic. “But the speed of price increases in Q1 2021 was beyond expectation, with prices for lithium carbonate having nearly doubled in price since the beginning of the year,” George Miller told the Investing News Network (INN).

Australia 145
article thumbnail

Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Germany’s VDA, an interest group for the country’s automobile industry, says that battery-powered vehicles are likely to see a decline from 524,000 units last year – more than any other European market – to 451,000 units this year. It forecasts the global market to grow by 2% to 77.4 million cars, compared to the 78.8

Market 52
article thumbnail

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

The world is too uncertain and too complex to rely on linear forecasts; therefore, business leaders and policy makers should prepare for the unexpected. Businesses may be vulnerable to water shortages, declines in water quality, water price volatility, and to reputational challenges. billion by 2032.

article thumbnail

Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

Green Car Congress

The fact that German electricity prices are among the highest in Europe, despite relatively low wholesale prices, must serve as a warning signal ,” said IEA Executive Director Maria van der Hoeven as she presented the report, Energy Policies of IEA Countries – Germany 2013 Review. Electricity prices in comparison.

Germany 239
article thumbnail

Green Hydrogen Cars: How They are Different?

Get Electric Vehicle

Fuel cells, like stem cells in medical science, are a new technology in the automobile industry. Since the beginning of the nineteenth century, this gas has been utilized to power automobiles, airships, and spacecraft.  FCEVs has the potential to eliminate this drawback and make EVs the whole package!!!

article thumbnail

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

Within a decade, he added, Volkswagen wants to offer significant numbers of pure electric cars at affordable prices and with the range expected by customers. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. Experts, consultants and politicians tumble over one another with forecasts.

2013 150
article thumbnail

Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

Despite elevated fuel prices, aggressive marketing, and most companies vowing to transition toward building electrified automobiles exclusively, America has an EV supply of more than 100 days on dealer lots. That’s been enough to make it one of the top ten best-selling automobiles in North America. Their reasons span the gamut.