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EV battery maker SK On to buy 100k metric tons of Arkansas lithium from ExxonMobil

Baua Electric

Image: Ford EV battery maker SK On has signed a non-binding agreement to buy lithium from ExxonMobil’s first planned extraction project in Arkansas. The Arkansas project will extract lithium from underground saltwater deposits and convert it into battery-grade material onsite. Get started here.

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J.D. Power: US growing increasingly divided on EV adoption

Green Car Congress

On a nationwide basis, EV adoption rates have continued to rise steadily, with EV sales now representing 8.6% Even among current EV sales, total affordability scores are being heavily influenced by the Tesla models, which have recently undergone a series of price cuts that has increased their overall affordability.

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US EV Sales Share Reaches 7% in Q2 2022 — New Data Now Available?

EV Adoption

Electric vehicle sales in the US continue to see a significant uptick, with EV (BEV and PHEV) share of new light passenger vehicles (LPVs) reaching 7.05% in Q2 of 2022. times from the 2.44% EV sales share since the end of 2022. If the quarterly increase continues at 13% for Q3 and Q4, the Q4 sales share would reach 9.0%.

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Carvana trends report: Used EVs narrow price gap with ICE cars, triggering sales growth potential

Baua Electric

According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed. The EV trends report combines Carvana’s EV sales data by state plus other metrics from Kelly Blue Book and MarketCheck. of Carvana’s sales in The Sunshine State were BEV.

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SK On and Sakuu will jointly develop 3D-printed EV batteries

Baua Electric

SK On is rapidly ramping up battery production plans in the US – earlier this week, the South Korea-headquartered battery maker had signed a non-binding memorandum of understanding (MOU) with ExxonMobil for a multiyear offtake agreement of up to 100,000 metric tons of Arkansas lithium.

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California gas vehicle ban faces pushback from 17 states

Teslarati

17 States have filed a lawsuit with the Federal Court of Appeals, suing to prevent California from banning new ICE vehicle sales after 2035. California’s Air Resources Board (CARB) is expected to ban the sale of new ICE vehicles after 2035 tomorrow, but 17 State Attorney Generals have sued in federal court to block the move.

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Genesis is quietly outpacing luxury rivals as EV availability expands into new states

Baua Electric

The luxury Genesis brand is outpacing rivals, closing in on Porsche and Land Rover in sales as its all-electric models expand into new states. Genesis sales have grown from less than 7,000 in 2016 to over 69,000 last year, according to data from CNBC. The sportier Magma brand is designed to spread awareness and boost sales.