Automakers, which are under pressure to transition out of fossil fuel vehicles, are putting money into battery production. Paris: As electric car sales soar, Europe has started to build up its capacity to produce batteries on the continent but it remains far from reducing its dependence on Asia. China, Japan and South Korea produce most […]
This Australian State Scraps Taxes on Electric Vehicles
The government said the state will invest A$171 million in infrastructure for charging EVs. Last year, only 0.7% of battery-powered models were sold out of Australia’s total vehicle sales. Australia’s largest state economy will waive levies on electric vehicles and will offer other incentives, which add up to as much as A$490 million ($366.5 million), […]
Manufacturer Reveals Involvement in World’s Biggest Battery Energy Storage System So Far
LG Energy Solution has said that it was the supplier of battery storage systems and equipment to Vistra Energy’s recently commissioned record-breaking project in Monterey County, California. Moss Landing Energy Storage Facility has the world’s largest battery energy storage system (BESS) with 300MW / 1,200MWh of lithium-ion batteries. It began operations in December last year, […]
Program Puts Millions Into Electric Vehicle-Charging Stations
A new $3 million program will help Michigan businesses switch their fleets to electric vehicles. The “PowerMIFleet” program from Consumers Energy will offer rebates of up to $50,000 each to companies that install EV charging stations. Brian Wheeler, Consumers Energy’s media-relations manager, said any size operation can take part. “It could be just a business […]
Only Volkswagen, Volvo Doing Enough to Electrify in Europe: Study
Sales of battery electric vehicles and plug-in hybrids almost tripled last year, boosted by tighter emission standards and government subsidies. Among the major carmakers, Volkswagen and Volvo are doing enough to electrify their vehicle line-ups in Europe and the EU needs to set tougher CO2 emission limits if it wants to meet Green Deal targets, […]
GM and Wabtec Agree to Make Electric and Hydrogen-Powered Trains
General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said Tuesday. The two companies will jointly develop the clean-powered locomotives for heavy-haul trains, they said in a statement. They didn’t say when the technology would […]
Ford-Backed Battery Maker Solid Power to Go Public Via $1.2 Billion SPAC Deal
The company, which produces rechargeable batteries for automobiles as well as mobile power markets, will have $600 million in cash after completing the merger with Decarbonization Plus Acquisition Corp III. Solid Power Inc, an electric-vehicle battery maker backed by Ford Motor Co and BMW, said on Tuesday it would go public by merging with a […]
Exclusive: German Battery Group BMZ Plans September IPO, Sources Say
BMZ is working with Citi, JP Morgan and Berenberg on the initial public offering (IPO), which will sell shares worth about 500 million euros, the sources said. FRANKFURT: German battery group BMZ is preparing for a Frankfurt stock market listing as early as September with a targeted valuation of about 2 billion euros ($2.4 billion), […]
Concessional Tariff of 5 Per Unit For Battery Charging Stations to Continue in Karnataka
This energy charge is applicable to both HT and LT categories To encourage use of clean energy, the Karnataka Electricity Regulatory Commission (KERC) has continued the existing concessional tariff of ₹5 per unit for FY22 for electric vehicle charging stations. The concessional tariff was introduced in tariff order in 2018, now in view of issue […]
Five Things to Know Before Considering an Electric Vehicle For Family
Battery type and capacity is a key factor any EV buyer should check before deciding on a particular vehicle. Brand and model should be given a priority as there are a host of new EV brands but reliability remains an issue. Electric mobility is one of the four megatrends that are shaping the global mobility […]