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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

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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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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. Meanwhile, projects face long lead times to finance, develop and commission.

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Tesla nickel supplier exploration lease approved by Michigan

Teslarati

Talon is actively involved in the EV sector, with the company agreeing to supply Tesla with 165 million pounds of nickel from the Tamarack Nickel Project in Aitkin County, Central Minnesota. The United States is currently dependent on foreign countries such as Russia and China for nickel, which is an untenable supply chain vulnerability.

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How EV adoption is soaring in unlikely circumstances, and what could make it better

Teslarati

The adoption of electric vehicles has continued to skyrocket over the past several years despite challenging supply chain conditions, less-than-ideal geopolitical scenarios, lingering effects of the COVID-19 pandemic, and the soaring cost of EV materials. Price Parity and the EV Tax Credit. manufactured battery. competitive.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Russia and Brazil both have access to high-quality iron ore reserves and to abundant clean power. The world’s largest iron ore producer, Australia, however, currently produces lower grade ores, and could lose its number one place in the supply chain, if it does not invest in equipment to upgrade its product. Source: BloombergNEF.

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