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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. Global investment in technologies to help the energy transition reached a record $1.3 trillion in 2022, IRENA said.

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

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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. —study co-author Olivia Williams.

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Hydrogen Council report finds cost of hydrogen solutions to fall sooner than previously expected

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The Hydrogen Council has published a new report, Path to Hydrogen Competitiveness: A Cost Perspective , demonstrating that the cost of hydrogen solutions will fall sharply within the next decade, sooner than previously expected. Drop in the cost of components for end-use equipment under scaling up of manufacturing.

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Rivian R1EVS to join fleets in the mining industry

Teslarati

Rivian’s R1 vehicles will join fleets in the mining industry. Rivian recently entered an exclusive global partnership with MEVCO (Mining Electric Vehicle Company), which provides sustainable and efficient electric vehicles (EVs) in the mining industry.

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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

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These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. It measures the social cost in US dollars of adding a ton of CO 2 to the atmosphere. —Cruz & Rossi-Hansberg.

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SafeAI, Siemens, Obayashi collaborate to bring retrofitted autonomous, zero-emission heavy vehicles to off-road industries

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SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In partnership with pioneers like SafeAI and Obayashi Corporation, we can imagine a more sustainable future for these industries.

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ABB Robotics survey: Global automotive manufacturers are rethinking “just in time” approach

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Supply chain disruption and rising material costs are causing the global automotive industry to re-evaluate lean manufacturing principles, according to a new survey commissioned by ABB Robotics.