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

Green Car Congress

This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.

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Juniper Research: EV charging at home to exceed $16B globally by 2026

Green Car Congress

A new study from Juniper Research forecasts that spend on EV charging at home will exceed $16 billion globally in 2026; up from $3.4 The study found that the global hardware revenue from home charging wallboxes will reach $5.5 billion in 2021. —Research author Nick Maynard. billion in 2026, from just $1.8 billion in 2021.

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

Green Car Congress

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. The survey highlighted how the rising cost of raw materials (62%) had already overtaken energy costs (59%) as the industry’s chief concern.

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IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

Green Car Congress

In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 IDTechEx says that the light commercial vehicle market is uniquely positioned to rapidly transition to electric vehicles. Forecast eLCV share of total global LCV market revenue.

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Volkswagen, Stellantis and Glencore backing ACG in $1B purchase of Brazilian nickel sulfide and copper mines

Green Car Congress

Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. 20ktpa over a 12-year life of mine, at an average C1 cash cost of $1.37/lb

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H2X Global secures US$57M from Verde Mobility to deliver on US$300M in fuel cell vehicle orders

Green Car Congress

Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., The funds will also support H2X Global’s planned listing on the London Stock Exchange. to fastrack H2X’s delivery of 800 hydrogen-powered vehicles.

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Baker Institute team says fossil fuel subsidies need global reform

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Their paper tracks fossil fuel usage and government subsidies since the the 2009 G20 summit, during which representatives from 20 countries discussed global financial and socioeconomic issues and agreed to “phase out and rationalize over the medium term inefficient fossil fuel subsidies.”. Costs ranged from a low of 0.3%