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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

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Toyota and Redwood Materials partnership takes the next step

Teslarati

Toyota and Redwood Materials established a partnership last year to create a closed-loop solution for recycled battery production. Now, their partnership is taking the next step, as Toyota will source cathode active materials and anode copper foil from Redwood at the automaker’s upcoming North Carolina battery manufacturing plant.

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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

“The purchase of the BEV Lease is to aid in our goal of delivering carbon neutrality by 2050 by controlling the vehicle battery through its life, keeping it in the Ford network.” ” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. battery production.”

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US DOE Awards $300 Million in Clean Cities Grants to Support Alternative Fuels, Vehicles, and Infrastructure Development

Green Car Congress

The project will include vehicles and fueling infrastructure for electric, hybrid-electric, compressed natural gas, propane, E85, and biodiesel fuels and technologies to be deployed throughout North Carolina and South Carolina. Tags: Biodiesel Electric (Battery) Ethanol Fleets Fuels Heavy-duty Hybrids LNG Natural Gas.

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2025 Volvo EX90 price hiked $3,300, still missing features

Baua Electric

The 2025 Volvo EX90 now costs $81,290 The updated pricing includes a $3,300 price increase due to material costs The 2025 Volvo EX90 is in production in South Carolina The 2025 Volvo EX90 has gotten $3,300 more expensive ahead of the planned start of U.S. deliveries later this year, reported Automotive News.

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US solar module production capacity reaches 50+ GW

Baua Electric

Two new US solar cell factories one in Georgia and another in South Carolina have already come online in the past few months, helping to fill in the gaps. Another win came when SEIA pushed for solar ingot and wafer production to qualify for a 25% investment tax credit under the CHIPS and Science Act of 2022.

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Volvo Unveils Compact EX30 All-Electric SUV

The Truth About Cars

But the fact that it uses a battery pack means interior volume shouldn’t be all that bad. The standard battery pack is 64.0 But it still seems a little expensive and we don’t know which EV tax credits it’ll be eligible for due to it being produced inside of China. The 2025 Volvo EX30 is 166.7 inches long, 72.3

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