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Rivian links supply chain woes to ongoing Ukraine-Russian conflict

Teslarati

In its 10-K filing on Thursday, March 31, Rivian stated that the ongoing Russian invasion of Ukraine has impacted its business and operations. The company listed the conflict in Ukraine as one of the reasons it continues to struggle with production. “We The company mentioned risks in battery cell pricing and availability.

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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. —Amar Vasdev, a co-author of the report at BNEF.

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Budget Drones in Ukraine Are Redefining Warfare

Cars That Think

The war between Russia and Ukraine is making a lot of high-tech military systems look like so many gold-plated irrelevancies. This war is a war of drones, they are the super weapon here,” Anton Gerashchenko, an adviser to Ukraine’s minister of internal affairs, told Newsweek earlier this year. Ukraine denied the allegation.

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Ukraine exempts Starlink from VAT; customs duty;

Teslarati

Ukraine’s Cabinet declared Starlink satellite equipment exempt from VAT and customs duty, The Kyiv Independent reported, adding that Starlink has been crucial for providing communications for the Ukrainian military. The cost of the hardware is also going up to $700 from the previous $500. The financial situation is not good here.

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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). The newly authorized drawdown will come from all four storage sites.

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

He took the first step in Crimea in 2014 , and in the early morning hours of 24 February he ordered a large-scale invasion of Ukraine. This war will have many long-term consequences, but possibly none more important than its effects on the future of the European energy supply. The pipeline had been completed at a cost of €9.5

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Tesla shows foresight with undisclosed nickel supply deal with Vale: report

Teslarati

American electric vehicle maker Tesla has shown some remarkable foresight as it reportedly secured an undisclosed nickel supply deal with Brazilian mining firm Vale. Even before Russia’s invasion of Ukraine, nickel was already experiencing a rise in cost. Don’t hesitate to contact us with news tips.