Onshoring the EV supply chain to Europe would cut the emissions of producing a battery by 37% compared to a China-controlled supply chain, according to new analysis by Transport & Environment. This carbon saving rises to over 60% when renewable electricity is used and meeting Europe’s demand for battery cells and components locally would save an estimated 133 Mt of CO2 between 2024 and 2030, … [Read more...]
Analysts at IHS Markit see big swings for EVs
Many markets will become pure BEV/ZEV sales markets by 2040 at the latest with only few exceptions, according to IHS Markit estimates. The ICE sales era in Europe will be replaced by the BEV sales era between 2035 and 2040. In China, IHS Markit expects New Energy Vehicles (NEV) sales targets to be around 40% by 2030, greater than 50% by 2035 and up to 100% by 2050 at the latest. The U.S. will … [Read more...]