In a significant development in the global energy storage system (ESS) landscape, recent data from SNE Research has revealed a 53% surge in LIB (Lithium-Ion Battery) for ESS sales in 2023, reaching an impressive 185 GWh up from 121 GWh in the previous year. This growth underscores the increasing demand for energy storage solutions worldwide, with China leading the charge. Read More
The United States has witnessed a substantial influx of investment in the electric vehicle (EV) sector, buoyed by recent federal policies. A new report released by the EDF has shed light on the dramatic expansion in both the manufacturing landscape and job creation within the EV ecosystem over the past nine years, with a marked acceleration following the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL). Read More
As the global energy sector stands on the cusp of a transformative era, 2024 is increasingly being heralded as a pivotal year for the sodium battery industry. With the backdrop of escalating demand across the battery market, sodium-based energy storage is carving out a significant niche, poised to revolutionise not just the electrochemical storage landscape but also the broader push towards sustainable energy solutions. Read More
In a bold move to reshape its industrial and trade policy amidst the booming electric vehicle (EV) market, Europe is contemplating significant tariff increases on imported Chinese electric vehicles and batteries. This strategy aims not only to counter China's technological dominance but also to invigorate the local EV industry, ensuring a rapid and sustainable decarbonisation process without compromising the continent's economic, social, and security interests. Read More
Europe has positioned itself at the forefront of the global shift towards electric mobility, a critical component of the continent's broader strategy to combat climate change and meet the ambitious targets set by the Paris Agreement. With road transport accounting for approximately 18% of global CO2 emissions, the transition to electric vehicles (EVs) presents a significant opportunity to reduce the carbon footprint of one of the most pervasive sources of pollution. This transition, however, is fraught with challenges and complexities, particularly in the road transportation sector, which is both large and fragmented, encompassing over 2.5 billion vehicles worldwide. Read More
The landscape of Thailand’s Electric Vehicle (EV) market is at a pivotal juncture, spurred by global trends towards sustainability and the imperative drive towards net-zero emissions. This transformation is underpinned by the advancements in Battery Electric Vehicles (BEV) technology, government incentives, and a growing awareness of environmental issues among the Thai populace. However, as with any sector poised for rapid expansion, there are challenges and opportunities that need to be navigated carefully. Read More
As the automotive market edges closer to a more sustainable and electric future, it navigates through a myriad of challenges that could potentially slow its journey. The recent insights from Allianz shed light on these impediments, highlighting a complex landscape shaped by fluctuating demand, geopolitical tensions, and a seismic shift in automotive technology. Read More
Sales of zero-emission heavy-duty vehicles have more than doubled in 2023, with a total of 11,000 new units sold across the EU-27, according to a report published by the International Council on Clean Transportation. This significant increase, from just 5,000 units in 2022, marks a pivotal shift towards greener, more sustainable modes of transport in the region. Read More
Sales of zero-emission heavy-duty vehicles have more than doubled in 2023, with a total of 11,000 new units sold across the EU-27, according to a report published by the International Council on Clean Transportation. This significant increase, from just 5,000 units in 2022, marks a pivotal shift towards greener, more sustainable modes of transport in the region. Read More
The landscape of electric vehicle (EV) charging in the United States is on the verge of a major change, with a number of recent announcements promising an increase in public charging facilities that could redefine the future of green transportation. According to a recent study by the ICCT, the combined efforts of private stakeholders and government initiatives are expected to significantly increase the availability of charging options for electric vehicle owners by 2030. Read More
