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

Green Car Congress

The amount is just a fraction of the estimated $35 trillion needed to be spent on the energy transition by 2030, according to the International Renewable Energy Agency. This includes spending on renewables such as wind and solar as well as grid and other infrastructure. Manufacturing the additional 2.7 trillion in 2022, IRENA said.

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10 Reasons Your Next Car Should Be an EV

Plug in America

According to an analysis from Environmental Defense Fund, states like Tennessee, Michigan, Ohio, Indiana, Kentucky, Kansas, and North and South Carolina are big winners in manufacturing investment. Since most EVs are only in use a small fraction of each day, they can often charge when energy on the grid is clean, cheap, and abundant.

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

Geographical distribution of Clean Cities Recovery Act awards. The US Department of Energy (DOE) has selected 25 cost-share projects under the Clean Cities program that will be funded with nearly $300 million from the American Recovery and Reinvestment Act. Click to enlarge. Total DOE award: $15,000,000. Total DOE award: $14,999,658.

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Volvo Unveils Compact EX30 All-Electric SUV

The Truth About Cars

The manufacturer has also made it clear that the vehicle utilizes recyclable and renewable components where possible. But it’s a fine line between offering a clean interior layout and one that’s missing things to save money. “We Localized assembly may eventually manifest at Volvo's South Carolina plant.

Volvo 93
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The US’s largest renewable developer says it’s ‘unlikely’ GOP would gut clean energy tax credits

Baua Electric

Photo: NextEra Energy Republicans have vowed to tear apart the Inflation Reduction Act, but the chief executive of NextEra Energy, the US’s largest renewable developer, says that’s “unlikely” if they win the election. It saw record renewables and battery storage orders in 2022 and 2023 that totaled 17,000 megawatts of capacity.