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Why effective battery recycling will soon be required, and why future-proof battery designs should be the main priority

Not only is the battery market one of the biggest in the world, but it is also the one with the biggest growth potential. In 2020, there were 185GWh of batteries available globally. Many reliable sources predict that the market would grow tenfold in less than a decade. A CAGR of almost 27% is projected for the years 2020 to 2030, resulting in a market volume of 2035 GWh for batteries by that time. However, the recently disclosed data by SNE Research, which rated the overall market volume to 296,62GWh in 2021, which is almost 6% above the predicted demand in 2021, tends to make these numbers look too conversational. The primary engine for the anticipated expansion is the transportation sector, which also includes the vital EV passenger car market. When commercial EVs are included, the demand for batteries is projected to increase from 100GWh in 2020 to over 1700GWh in 2030. The large growth in demand puts a lot of strain on battery suppliers, who must quickly expand their capacity to produce affordable traction batteries, particularly in Europe. Since EVs require charging, the overall energy demand will rise sharply as the number of EVs increases. Peak shaving or buffer…

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2 years, 1 month ago

This US city has banned the construction of new gas stations due to the increase in electric vehicles

At least two electric vehicle chargers must be installed at every new gas stations that are constructed. A US city has decided to prohibit the opening of new gas stations due to politicians’ “obligation” to address climate change. There are currently five stations in Lousiville, Colorado, a town of about 21,000 inhabitants close to Denver. Although a sixth was just authorized, it might be the city’s final one. As per the latest municipal legislation, it may be inferred that prohibiting gasoline stations could potentially encourage the adoption of electric vehicles (EVs) which would lower vehicle emissions and promote the use of cleaner, low-carbon energy choices for transportation. It goes on to say that the reason a cap on gas stations rather than a complete ban is being considered is that demand will persist as more electric vehicles are gradually introduced. According to the law, all new gas stations that are given a waiver from the prohibition or those that undergo modifications must also install two electric vehicle chargers. Additionally, they must be separated from current ones by at least 1000 feet, or little over 300 meters. The building of new gas stations was prohibited until September 2023 by an emergency…

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2 years, 1 month ago

California’s investments in the climate

In addressing the climate catastrophe, California has taken the lead under Governor Gavin Newsom. The state of California is most affected by climate change. California has had catastrophic wildfires, heat waves that broke records, and severe droughts. The costs of inaction on climate change are too high. The cost of extreme weather events to US taxpayers in 2022 alone was $165 billion. California is eschewing fossil fuels in a big way. By 2035, we will have reduced our reliance on oil by ceasing to sell new gas-powered vehicles. A measure to gradually stop the manufacturing of hazardous oil in our communities was signed by Governor Newsom. The extraordinary, multibillion-dollar climate budget that Governor Newsom proposed includes: Addresses the problems of wildfires and drought Aids in communities’ weather adaptation Supports the state’s objectives for zero-emission vehicles Provides energy that is inexpensive, dependable, and clean. Saves money for Californians and builds thriving communities These innovative global climate policies are having an impact. The majority of clean energy jobs in the US are located in California. The clean car and renewable energy sectors are driving the country’s growth. California surpassed its 2020 climate target six years early. California produced six times as many…

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2 years, 1 month ago

VINFAST ENTERS INTO STANDBY EQUITY SUBSCRIPTION AGREEMENT OF UP TO $1.0 BILLION WITH YORKVILLE ADVISORS

October 20, 2023 – VinFast Auto Ltd. (the “Company” or “VinFast”) (NASDAQ: VFS) today announced that it has entered into a standby equity subscription agreement (“Subscription Agreement”) with YA II PN, Ltd. (“Yorkville”). Subscription Agreement Highlights: • VinFast has the option, but not the obligation, to require Yorkville to subscribe for up to $1.0 billion of ordinary shares in VinFast at any time during the term of the Subscription Agreement, subject to certain conditions and limitations • The Subscription Agreement has a term of 36 months Mr. David Mansfield, CFO of VinFast, said: “This new source of equity funding provides us with valuable optionality and access to capital to continue to expand our business on a global scale. While we are under no obligation to draw on the full amount, the transaction aligns with our goals of opportunistic capital raising while adding liquidity to our shares over time. In addition to existing funding commitments, it provides financial flexibility to fund our growth. We will continue to evaluate other capital markets transactions and sources of fundraising as VinFast continues to grow.” Mark Angelo, Founder and President of Yorkville, commented: “VinFast is a true leader in EVs. We are excited for this…

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2 years, 1 month ago

The IEA projects that global emissions will peak by 2025 for the first time ever

As per the IEA’s recently issued “World Energy Outlook 2023,” clean energy has the potential to revolutionize the global energy system by 2030. Solar and electric vehicles (EVs) in particular are offering “hope for the way forward.” According to the International Energy Agency (IEA), the global energy grid in 2030 will have nearly ten times as many EVs on the road as there were in 2023. The authors observe that in 2020, 1 in 25 automobiles sold were electric; by 2023, that number has dropped to 1 in 5. Given this, it is easy to see how the momentum for EV adoption will continue to grow significantly over the next ten years. According to IEA projections, solar energy will surpass the existing electricity generation capacity of the US power system by 2030. It projects that the proportion of renewable energy in the world’s electrical mix will increase from about 30% to over 50%. According to this analysis, new offshore wind projects will receive three times as much funding as new coal and gas-fired power facilities. Heat pumps and other electric heating technologies are predicted to outsell fossil fuel boilers worldwide. “The global shift to clean energy is occurring and will…

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2 years, 1 month ago

Colorado adopts California’s EV regulations in part, but falls short of the 2035 prohibition

A new Colorado Clean Car rule, which generally mirrors California’s “Advanced Clean Cars 2” law but stops short of establishing a 2035 deadline for 100% EV sales, was overwhelmingly passed by the Air Quality Control Commission of Colorado. By 2035, all new cars sold in California will be electric vehicles, according to a rule that was finalized last year. Between now and 2035, the rule aims to increase the percentage of new EV sales, with 100% ZEV and PHEV sales by that time. Given that California is the US state with the highest EV adoption rate (and could probably stand to exclude PHEVs as well), we remarked at the time (and still do) that this deadline could have been accelerated for the Golden State. The California Air Resources Board argued that by adopting a more liberal standard, other states would be more likely to follow suit and form a larger group of states that could drive the auto industry in the right direction. Several additional states, including New York, Washington, Oregon, Vermont, Massachusetts, Rhode Island, New Jersey, and Maryland, have thus far accepted the regulation. Even better, Washington has chosen 2030 as the target year rather than 2035. Colorado joined…

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2 years, 1 month ago

Travel around America on the VinFast VF8 with Bau Thinh Vlog

VinFast was very happy to see Mr. Thinh’s sharing about the VF8 car during his trip around the United States. Let’s follow Mr. Thinh with VinFast to see every route around America on the VF8! VQNM #1: Prepared for a journey around the United States 1 Start the journey with a day of “Installing license plates, trying out the rooftop tent with Mr. Andrew Le at Trung Nguyen cafe” with Mr. Thinh and close friends VQNM #2: Prepared for a journey around the United States 2 Let’s follow Mr. Thinh on the VF8 to go shopping for necessary items for this long journey. If you are also planning a long-term vacation with family or friends on a VinFast car, you can refer to Mr. Thinh’s shares. VQNM #3: From Orange County to Bishop The Journey Around America officially begins from episode 3. Mr. Thinh and his family and friends will start the journey in Orange County – California. A wonderful journey is waiting ahead. VQNM #4: The American veteran was surprised to see the VinFast car Little stories on the journey to discover new lands always bring wonderful emotions. And in the first miles of the journey, Mr. Thinh had…

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2 years, 1 month ago

Top ten innovations influencing the switch to electric vehicles

Here are 10 technological advancements that will have a major impact on the adoption of electric vehicles in the next years as cars continue to advance. We must acknowledge the transition to electric cars (EVs) as more than just a sustainability measure; it is also a victory for the auto industry if we are to fully appreciate how far automotive has gone. This switch from fossil fuel-powered to electric vehicles is mostly due to technology, which makes the transfer between models easier. Here are 10 technologies that have and continue to promote the decarbonization of mobility as the industry continues to adapt to the electric mode of transportation. Composite materials Composite materials can be used to make a vehicle lighter and more sustainable, as demonstrated by AEHRA, one of the most innovative companies and vehicles in the EV market. For its SUV model, the business is maximizing the use of an endlessly recyclable material by using sheet-moulded carbon. The advanced driving assistance system Advanced driver assistance technologies are now in use, opening up new options and paving the road for more advanced autonomous capabilities. These options, which range in complexity, not only give EV drivers greater comfort and convenience while…

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2 years, 1 month ago

Here’s how the EV tax credit will change to an instant dealership reimbursement in 2024.

The U.S. Treasury Department announced in a press release on Friday that the federal EV tax credit will change to a point-of-sale dealership refund in 2024, providing customers immediate access to the benefit. Currently, customers must wait to submit their taxes before claiming the credit, which is up to $7,500 for new cars and $4,000 for used cars. As part of the overhaul of the EV tax credit under the Inflation Reduction Act (IRA), EV purchasers will be able to collect their credit at the dealership beginning on Jan. 1, 2024. The Inflation Reduction Act, according to Laurel Blatchford, chief implementation officer for the IRA, “allows consumers to reduce the upfront cost of a clean vehicle for the first time.” “The IRS has focused on streaming this process for car dealers as part of its commitment to improving service and helping taxpayers claim the credits they are eligible for.” To be qualified to offer the credit at the point of sale, merchants must first register with the IRS. Additionally, buyers must certify that they fall under the IRA’s income restrictions; otherwise, they will be required to repay the credit the following year when they submit their taxes. For married couples…

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2 years, 1 month ago 1 Bình luận

Electric vehicles save you money – View average savings in your City in California

Electric vehicles are less expensive to fuel than their gasoline-powered equivalents nationwide, regardless of where you plug them in. In the 50 largest US cities, every power supplier offers a pricing plan that makes using electricity less expensive than using gasoline, resulting in a median annual savings of almost $770. You may save money on maintenance by driving an electric car. Battery electric vehicles (battery EVs) do not have gasoline engines, require no normal maintenance, and do not require replacement of timing belts, spark plugs, or oil. When compared to a gasoline-powered equivalent of their vehicle, these lower maintenance costs can save an EV owner over $1,500 over the course of the vehicle’s lifetime. Below is specific information about average savings in some major cities in California. Findings Depending on the electricity provider, the electricity rate plan selected, and the local gas prices, the annual savings can range from $440 to over $1,070. Many electricity providers provide cost-effective off-peak, time-of-use options for EV users. Most EV owners charge their cars overnight while they are parked at home, which frequently coincides with periods of decreased total electricity demand. During these periods, several utilities provide discounted rates. Off-peak, time-of-use rates range from…

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2 years, 1 month ago