Cobalt production, a crucial component of rechargeable lithium-ion batteries used in electric vehicles (EVs), is witnessing a significant shift in the global landscape. For years, the Democratic Republic of Congo (DRC) has held the title of the world's largest cobalt producer, contributing 73% of the global output in 2022. However, recent projections by the Cobalt Institute indicate that the DRC's dominance is set to decrease to 57% by 2030, as Indonesia rapidly expands its cobalt production as a byproduct from its burgeoning nickel industry. Read More
Global battery demand has experienced a remarkable surge, maintaining its upward trajectory throughout 2022 and paving the way for even more remarkable growth by 2030, according to the Global EV oulook 2023 by the IEA. Read More
The electrification of transport is at the forefront of global decarbonisation efforts, accounting for around $120 billion of investment in the EMEA region in 2022.¹ EVs are central to this trend, totalling more than $350 billion of consumer spending last year.² As EV adoption grows, investors increasingly focus on eMobility opportunities in an effort to reach the €600 billion p.a. investment that Europe needs to meet its climate pledges.³ As a consequence, there is growing interest from stakeholders within the sector, and within related industries to understand the fast-evolving and complex electric transportation sector. The report brings clarity to this fast-evolving sector, supporting a diverse range of stakeholders in navigating three main areas: the appropriateness of current EV public charging infrastructure rollout levels, the main business models in the EV charging industry and the state of competition. Read More
The trucking industry is experiencing a significant transition as it embraces electric drivetrains, offering both opportunities and challenges for manufacturers and operators in the realm of charging infrastructure. As Europe aims to address climate change and reduce CO2 emissions from road traffic, making transportation more sustainable is crucial. While passenger car electrification is already well underway, the electrification of trucks has been relatively slower due to various factors such as limited distance ranges and reduced payload capacity of battery electric trucks compared to their hydrogen fuel cell counterparts. Read More
The battery materials recycling market is experiencing robust growth, driven by the soaring demand for lithium-ion (Li-ion) technologies in electric vehicles (EVs). According to a recent report, the market size exceeded USD 28 billion in 2022 and is projected to register an impressive CAGR of over 8.5% from 2023 to 2032. Read More
Tesla's recent collaboration with major automakers like Ford, General Motors, Rivian, and Volvo Car to share its fast-charging network is set to revolutionise the US electric vehicle (EV) market. This move addresses a crucial concern for EV owners - access to charging infrastructure - and holds the potential to drive greater adoption of EVs. Read More
The global electric vehicle (EV) industry is experiencing rapid growth, driving up the demand for lithium-ion batteries. To meet this demand, a recent analysis by Benchmark reveals that the battery industry must invest a staggering $514 billion by 2030, reaching $920 billion by 2035. Read More
The ‘Annual update on the global transition to electric vehicles: 2022’ by the ICCT sheds light on the progress made by various countries and regions towards their vehicle electrification targets. The findings reveal a mixed bag of results, with some nations exceeding expectations while others fall short of their goals. Read More
In the first quarter of 2023, European passenger electric vehicle (EV) sales saw a notable increase of over 13% compared to the previous year, according to Counterpoint Research. While the overall European passenger car market is showing signs of improvement, it has not yet fully recovered to pre-COVID-19 levels. Germany emerged as the leading country in EV sales, closely followed by the UK, France, Italy, the Netherlands, and Norway. Notably, Norway and the Netherlands boasted the highest share of EVs in total passenger vehicle sales. Read More
The global market for anodes, a crucial component of electric vehicle (EV) batteries, is experiencing rapid growth, fueled by the increasing demand for EVs and the battery industry's expansion. According to a recent market analysis by Bax & Company, the demand for anodes is projected to surge tenfold by 2030, reaching 3,500 kilotons, with each gigawatt-hour (GWh) of battery production requiring approximately 900 kilograms of anode material. Read More
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