Europe's plans to ban all fossil fuel-powered vehicles by 2035 might be thwarted by the world's lithium supply not being large enough, according to a Financial Times report published Sunday. If the European Union is to switch to electric cars, demand for lithium will skyrocket and there would not be as much supply, the article noted.
The Brazilian market of battery-powered vehicles has crossed the psychologically relevant threshold of 100,000 units in circulation nationwide, as sales of this type of vehicle grew 47% yoy in the first semester of 2022, it was reported.
General Motors is no longer King of the Hill. Japanese carmaker Toyota led United States automobile sales for the first time in 2021 indicated Automotive News. The shift at the top of the rankings came after a year in which assembly lines were plagued by a scarcity of crucial computer chips, resulting in steep fourth-quarter sales declines for both companies.
Germany's Volkswagen will no longer make cars with internal combustion engines in Europe by 2035, a board member said. The announcement comes as carmakers in Europe face mounting pressure to combat climate change and curb emissions under new EU regulations
Paraguay's Minister of Industry and Commerce (MIC) Luis Alberto Castiglioni Friday discussed with South Korean Ambassador To Asunción In Shik Woo the establishment of an Auto Parts Technology Center for electric cars in the South American country, which is due to commence in 2022 and last for about five years, it was reported.
The Chilean Chemical and Mining Society (SQM), one of the world's largest lithium producers, will supply lithium hydroxide to the British firm Johnson Matthey, at least until 2028, according to a new contract signed on Monday, it was announced.
Japan’s Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas, which it says will be the first vehicle of its kind in the world.
By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years ahead. By 2024, demand growth halves, falling to just 0.6 million barrels per day (mb/d), down from 1.2 mb/d this year.
The age of the electric vehicle (EV) will be here sooner than you think.