Tag: Battery electric vehicle

International Business and TradePolicy

China Tightens Rare Earth Export Controls, Sparking Global Supply Chain Concerns

China has announced its strictest export controls on rare earth materials to date, according to reports. The move could significantly impact electric vehicle, semiconductor, and defense industries globally, analysts suggest.

Escalating Trade Tensions Impact Global Markets

Recent developments in the ongoing US-China trade war have triggered significant market reactions, according to financial reports. Following China’s announcement of strict export controls on rare earth materials on October 9, Washington reportedly responded with 100% additional tariffs on Chinese imports. Market responses were immediate, with the Dow Jones falling by almost 900 points and the S&P 500 declining 2.7% after last Friday’s closing, according to market analysts.

by Ortega Rafael
Assistive TechnologySustainability

Lithium-Ion Battery Recycling Market Set to Reach $42.09 Billion by 2032 Amid EV Boom

The global lithium-ion battery recycling market is experiencing unprecedented growth, with projections indicating it will reach $42.09 billion by 2032. This expansion is fueled by rapid electric vehicle adoption and increasing focus on circular economy principles across industries.

Lithium-Ion Battery Recycling Market Poised for Exponential Growth

The global lithium-ion battery recycling market is positioned for remarkable expansion, with analysts suggesting it will grow from $9.17 billion in 2023 to $42.09 billion by 2032, according to recent industry analysis. Sources indicate this represents a compound annual growth rate of 18.5% during the forecast period, reflecting the increasing importance of sustainable energy solutions worldwide.

by Ortega Rafael
MobilityPolicy

Norway’s EV Subsidy Phaseout Offers Blueprint For Sustainable Market Transition

Norway is set to phase out its VAT exemption for electric vehicles starting in 2026, following unprecedented EV adoption rates. The planned subsidy withdrawal offers lessons in sustainable policy design for markets still dependent on government support.

Norway’s Strategic EV Subsidy Phaseout

Norway has announced plans to phase out its long-standing value-added tax exemption for electric vehicles, according to reports analyzing the country’s latest budget release. The phaseout will begin in 2026 and conclude by 2027, marking a significant shift in what has been one of the world’s most generous subsidy programs for electric vehicles.

by Bennett Laura
AutomotiveBusiness

Automakers Overestimated EV Demand, Says Former Ford CEO Mark Fields

Former Ford CEO Mark Fields says US automakers overestimated consumer demand for electric vehicles. Fields claims manufacturers invested heavily in EV capacity without understanding what would drive consumer adoption.

Former Ford CEO Mark Fields has delivered a stark assessment of the automotive industry’s electric vehicle strategy, stating that manufacturers “went full bore” into EV production without adequately considering consumer demand. The comments come as major automakers face significant challenges in the EV market, with several scaling back ambitious production targets and taking substantial financial charges.

The Consumer Disconnect in EV Strategy

by Bennett Laura