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Russia ponders using EV subsidies to boost the economy and surge local manufacturing

Teslarati

Russia’s Economy Ministry said earlier today that it has plans to utilize subsidy programs to boost the manufacturing and purchase of locally-built electric vehicles. Just 11,000 of the over 45 million vehicles driven in Russia last year were electric, with most being used cars. Don’t hesitate to contact us with tips!

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Tesla CEO Elon Musk shoots down reports of Gigafactory Russia

Teslarati

Tesla CEO Elon Musk has denied that the electric automaker has landed on a location for its fourth Gigafactory after reports indicated that Russia would be the location. Russian media outlets had indicated that the country’s officials confirmed Tesla would build its newest production facility in Russia.

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SAFE report addresses US aluminum sector’s energy challenges; more US production of primary aluminum needed

Green Car Congress

The SAFE Center for Strategic Industrial Materials (C-SIM) released the first report in a series of policy papers regarding the various issues impacting domestic primary aluminum production: The US Aluminum Industry’s Energy Problem and Energy Solution. Production of primary aluminum from allied countries is also decreasing or stagnant.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

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Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to GlobalData. According to GlobalData’s Mining Commodity Analyzer , Russia was the third-largest producer of nickel in 2021, producing more than 200,000 tons.

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Roland Berger: Russian embargo against the Western automotive industry would hit Russia harder

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A decision by Russia to retaliate against sanctions imposed by the European Union and the US over Ukraine by imposing strong Russian sanctions—i.e., As Russia struggles with an ailing economy, rising inflation and a volatile currency, there’s no sign of a recovery any time soon, the consultancy said. —Uwe Kumm.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. Both, it would seem, have incentive to do so, as each has lost over $100 billion in crude revenues in 2015—and Russia bears the extra burden of U.S. percent year-over-year, up from 2.3

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