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ABB-sponsored report suggests global plans for 80 new EV battery gigafactories insufficient

Green Car Congress

A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories. —Tanja Vainio.

Global 448
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Volvo Cars aiming for 50% of sales to be fully electric by 2025

Green Car Congress

Volvo Cars aims for fully electric cars to make up 50% of its sales by 2025, the company announced in Beijing. The announcement builds on Volvo Cars’ 2017 announcement that all new models released from 2019 will be available as either a mild-hybrid, plug-in hybrid or battery-electric vehicle. New Volvo XC40 T5 plug-in hybrid.

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Global Electric Vehicle market size to swell by five-times to $823.74B by 2030: study

Teslarati

A new study suggests that the global electric vehicle market will multiply in valuation by five times by 2030, based on new data acquired by Allied Market Research. The new study says that the global EV sector will reach $823.74 ” According to IBISWorld.com , the global automotive industry will be worth $2.8

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Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

Green Car Congress

In the short term, price will be the most significant limitation to the uptake of both plug-in hybrid vehicles like the GM Volt and fully electric vehicles such as the Nissan Leaf, BNEF said. The BNEF forecast is based on first identifying the addressable market for plug-in vehicles—i.e., Last week, J.D. Earlier post.)

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BMW Group invests in Jetti Resources; catalytic leaching process for copper extraction from unexploited ores

Green Car Congress

As copper is a vital raw material to produce electric drivetrains in EVs, demand is forecasted to grow substantially in the coming years. As early as 2030, at least half of BMW Group’s global sales will consist of fully electric vehicles. Zihe Ren, Chihwei Chao, Prashanth Krishnamoorthy, Edouard Asselin, David G.

BMW 259
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Audi boosting investments in future vehicle projects to 2026 to €37B, €18B for electrification and hybridization alone

Green Car Congress

From 2033 on, the future of the Audi brand will be fully electric. The company is continuing to pick up speed along the way: Audi doubled the number of fully electric models in its range in 2021. Audi is putting more new electric cars than new cars with combustion engines on the market in the current year.

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Indian SUV major Mahindra intends to equip its new EV platform with MEB components from Volkswagen

Green Car Congress

Designed as an open vehicle platform, the MEB electric platform and its components allows car manufacturers to build their portfolio of electrified vehicles, quickly and cost-effectively. Mahindra is a pioneer in the electric mobility space in India and a great partner for our MEB Electric Platform.

India 186