article thumbnail

Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

article thumbnail

Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

Green Car Congress

Power Global and Rap Eco Motors partner to deliver 50,000 made-in-India electric auto-rickshaws built upon the swappable eZee module. Power Global’s domestic battery production plant in Greater Noida is slated to be the country’s largest leading in-country manufacturer of lithium-ion batteries, capable of producing 400,000 modules annually.

Power 243
article thumbnail

Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

Green Car Congress

A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East.

Hydrogen 474
article thumbnail

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

Cost Of 210
article thumbnail

StoreDot says its silicon-dominant batteries will enable smaller battery packs capable of extreme fast charging, leading to more accessible EVs

Green Car Congress

StoreDot, the developer of extreme fast charging (XFC) battery technology ( earlier post ), says it will soon be manufacturing silicon-dominant batteries that enable car makers to design and produce cheaper, lighter and more sustainable EVs. This technology will deliver 100 miles (160 km) of range in just five minutes of charge.

Batteries 397
article thumbnail

GM reveals new Ultium batteries and flexible global platform for rapid growth of EV lineup

Green Car Congress

The heart of GM’s strategy is a modular propulsion system and a highly flexible, third-generation global EV platform powered by proprietary Ultium batteries. GM’s all-new modular platform and battery system, Ultium. Ongoing technological and manufacturing breakthroughs will drive costs even lower, the company said.

GM 362
article thumbnail

Lithium-ion battery recycler ABTC expands operations and capacity with newly purchased facility

Green Car Congress

The demand for domestically produced and sustainably sourced battery metals has grown at a near insatiable rate over recent years, as the domestic manufacturing capacity of lithium-ion batteries has grown exponentially from less than 50 GWh/year to now more than 700 GWh/year of operational and announced capacity.