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DOE announces $3.1B to boost domestic battery manufacturing and supply chains

Green Car Congress

billion in funding from the Infrastructure Investment and Jobs Act (IIJA) to make more batteries and components in America and bolster domestic supply chains. The infrastructure investments will support the creation of new, retrofitted, and expanded commercial facilities as well as manufacturing demonstrations and battery recycling.

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Tesla investment in autonomous driving program to exceed $10 billion this year: Musk

Teslarati

It takes some serious investment to pursue self-driving. This was highlighted by Elon Musk in a recent post on social media platform X, when he stated that Tesla’s cumulative investment in its self-driving program would be well over $10 billion this year. Pretty much. Don’t hesitate to contact us with news tips.

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Schlumberger New Energy Venture to launch a lithium extraction pilot plant in Nevada

Green Car Congress

The demand for battery-grade lithium is projected to grow exponentially, driven by growth in the electric vehicle (EV) market. Schlumberger New Energy has invested more than US$15 million in this DLE process, and expects the development and operation of the pilot plant in Nevada to require a similar amount of investment.

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Schlumberger New Energy and Panasonic Energy of North America partner on new battery-grade DLE lithium production process

Green Car Congress

This collaboration paves the way for improved lithium production solutions that will help meet the expected surge in demand for lithium as the electric vehicle (EV) market takes off worldwide. Earlier post.). Demand for battery-grade lithium is projected to grow exponentially over the next decade.

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Elon Musk shares thoughts on Tesla Sweden’s conflict with IF Metall union

Teslarati

During a recent X Spaces session with Nicolai Tangen , the Chief Executive Officer at Norges Bank Investment Management, Elon Musk shared his thoughts on the ongoing conflict between Tesla Sweden and trade union IF Metall. As per Musk, he remains optimistic about Tesla Sweden’s future.

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DOE announces $192M in new funding for 3 initiatives to advance battery and recycling technology

Green Car Congress

With the demand for electric vehicles (EVs) and stationary energy storage projected to increase the lithium battery market by as much as ten-fold by 2030, DOE says it is essential to invest in sustainable, reduced-cost recycling of consumer batteries in support of a secure, resilient, and circular domestic supply chain for critical materials.

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EVs to increase almost tenfold by 2030 under current policies: IEA

Teslarati

The report is lengthy and includes a handful of insights, notably including that the agency expects there to be almost ten times as many electric vehicles (EVs) on the road by 2030 with the current path of global policies. Interestingly, the IEA notes that, for every $1 invested in fossil fuels five years ago, $1 also went to clean energy.

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