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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to GlobalData. Geopolitical issues such as the Russia-Ukraine situation disturb the fine balance of battery metal supply chains.

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Biden invokes Defense Production Act to push domestic material sourcing for sustainable energy

Teslarati

Demand for such materials is projected to increase exponentially as the world transitions to a clean energy economy.” ” The Act will help secure a reliable and sustainable supply of critical materials. Nickel, for example, is mined mostly in Indonesia, the Philippines, and Russia.

Energy 92
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ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

Green Car Congress

The mean cost of cost of climate change for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7%

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. VinFast is looking to enter regional markets, such as India, where it broke ground on an integrated EV manufacturing plant in February 2024 , and the Philippines. China exported over 1.2 Around 2% of all cars sold were electric.