Electrification

“I don’t know if not cooperating with China in key industries such as microchips and minerals-processing is wise. We all know that China and the U.S. are intertwined in many ways. I think rupturing that would be a tectonic change,” says Paul Gruenwald, global chief economist at S&P Global Ratings.

Lithium prices have fallen since the beginning of this year. Some analysts predict supply will meet demand, but that could be short-lived.

Canada’s Flo Charging is making a big push into the U.S., with a plan to manufacture up to 250,000 chargers by 2028 at a new facility in Michigan.

While the Inflation Reduction Act has accelerated future plans by several automakers to build more electrified vehicles locally, using the lease incentive as an end run will help prop demand for BEVs and PHEVs in the short term, partially offsetting the negative impact from most plug-in electrified vehicles not qualifying for buyer credits.

A Wards Intelligence Powertrain Survey confirms BEVs have a number of hurdles to clear before reaching widespread market adoption with technology improvements expected to come from several areas.

This market tracker contains analysis of electrified light vehicles BEV, HEV, PHEV in the U.S., China and Europe markets.

With a paltry 12 vehicles qualifying for the new EV tax credit, Americans will have a limited number of new BEVs to choose from among an already limited list.

New guidance from the U.S. Treasury sheds light on how electric vehicles can qualify for the $7,500 IRA incentive. But the new rules are also sparking an interest in new free-trade agreements.

Cancellations, production delays and changes in planned products have become a steadfast pattern for battery-electric startups in North America due to financial hurdles and other challenges. Despite stiff headwinds getting even stronger over the past year, making it more likely that only a few, if any, will succeed, most still refuse to give up.

New electric-vehicle battery technology is often in the news and for years battery makers have been promising we’ll see these breakthroughs in cars soon. But for solid-state batteries and sodium-ion based batteries their time may finally have come.

The Treasury Department tax-credit guidelines could crater new BEV sales in the U.S., while environmental groups plead with Toyota’s new CEO to rethink his BEV plans.

Understand why Information Technology (IT) cybersecurity does not directly translate to automotive cybersecurity