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Tesla signs lithium supply agreement with China-based company 

Teslarati

Tesla signed a lithium supply agreement with a subsidiary of China-based Yahua Group on June 19, 2024. Tesla Lithium Refinery construction making progress Yahua also supplies lithium hydroxide to Tesla. Under the contract, Tesla will receive a lithium hydroxide supply of 301,000 tonnes from 2023 to 2030.

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Source: opec.org).

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IEA trims expected growth in oil demand for 2012/2013 by 300K–400K barrels per day

Green Car Congress

The International Energy Agency’s August Oil Market Report (OMR) trims 2012/2013 oil demand expectations by 300-400 thousand barrels per day (kb/d), although annual growth remains in an 800-900 kb/d range both years. Global oil supply grew by 0.3 This follows baseline data revisions and a weaker economic prognosis for 2012/2013.

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More Job Losses Coming To US Shale

Green Car Congress

With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran’s crude oil supply would further contribute to the already rising global supply glut. By Gaurav Agnihotri for Oilprice.com. too expensive to produce.

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MIT and IEA reports take different views of the future of natural gas in transportation

Green Car Congress

MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. More than 70% of all NGVs and one-half of all fuelling stations can be found in just five countries: Pakistan, Iran, Argentina, Brazil and India.

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Select Tesla Model 3 variants to lose $7,500 tax credit by 2024

Teslarati

As of this writing, the Tesla Model 3 RWD costs $38,990, and the Long Range variant costs $45,990. The Tesla Model 3 Rear-Wheel Drive (RWD) and the Long Range variant qualify for the IRA’s $7,500 tax credit until December 31, 2024. Meanwhile, the Model 3 Performance starts at $50,990 before options. And it’ll support good-paying U.S.

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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

1, any vehicles with key battery components sourced from a “foreign entity of concern”—China, Russia, Iran, or North Korea— will be disqualified in 2024 , as will corporate subsidies if a “parent entity” from one of those countries directly holds more of 50% of the automaker’s interest. Starting Jan.