Volkswagen to spend $50 billion on electric car ‘offensive’ – via Mining.com – Cadence Minerals (KDNC)
German automaker Volkswagen said Friday it will spend tens of billions of dollars refocusing the company on the making of electric cars, autonomous vehicles and new mobility services. The Wolfsburg-based manufacturer, which plans to have some of the new offering in the market by 2023, said the 44-billion euro ($50 billion) investment in what CEO Herbert Diess describes […]
Battery Energy Storage Is A $1 Trillion Opportunity As Costs Continue To Crash – Forbes
Article by Mike Scott, Forbes Large-scale energy storage used to be part of the future of energy. But it’s here now, and it’s going to become increasingly important in the years to come. Clean energy researchers at Bloomberg NEF (BNEF) find that more than $1 trillion will be invested in the sector between now and […]
Oil price rally boosts electric car sales – Via Oilprice.com
Article by OilPrice.com Tesla’s competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids. All EV makers will have one common element that could help lift demand for battery vehicles—rising oil prices leading to fuel prices at four-year […]
Stockhead – Next year will be huge for electric car launches as Europeans race to catch up – Cadence Minerals (KDNC)
Original article via Stockhead.au Almost every major European carmaker will launch one or more electric vehicle (EV) models over the next 18 months. Next year will mark the start of a huge EV ramp-up for the world’s biggest carmakers — and that’s expected to have a serious impact on demand for key battery metals such […]