Global Scans · Automotive · Weekly Summary

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WHAT'S NEXT?: Automated vehicles could lead to a significant increase in vehicle-sharing and a significant reduction in the size of the global vehicle fleet, emissions, travel time, associated infrastructure and costs. By 2030, electric vehicles could represent about 30 percent of all new cars sold globally. Future connected car applications will drive a 150% increase in demand for contextual information between now and 2020.

• [New] U.S. electric demand is projected to increase considerably in coming years, with a resurgence in U.S. manufacturing alongside demand from new data centers, electric vehicles, and building electrification. Solar Power World
• [New] The US Army is exploring the potential of hybrid vehicles for military use, as they may be a more practical option than fully electric vehicles in certain scenarios. Share Talk
• [New] Ontario's automotive plan includes maintaining and growing Ontario's auto sector by building at least 400,000 electric vehicles and hybrids by 2030. Ontario.ca
• [New] In Japan last month, Nissan and Honda, facing the looming threat of Chinese EV giants, announced a once unthinkable partnership to develop electric vehicles together. Fortune
• [New] Stellantis hopes that 100% of its sales in Europe will be electric vehicles by the end of the decade.
• [New] Kia will further solidify its 2030 strategy announced last year with four goals: global sales of 4.3 million units, sales of 1.6 million electric vehicles, pioneering PBV development, and responsible ESG management. Automotive World
• [New] The expected growth in the use of technologies such as heat pumps and electric vehicles in buildings will be crucial to deliver on global and national strategies to limit carbon emissions and their impact on temperature change. Refrigeration and Air Conditioning
• [New] The new missile, referred to as the Hwasongpo-16na or Hwasong-16B, is equipped with a newly developed hypersonic glide vehicle (HGV), which could improve the survivability of North Korea's nuclear missile arsenal. Army Recognition
• [New] Most light-medium vehicles achieve total cost of driving parity by 2026, which could result in an additional 700,000 light-medium vehicles sold, 48 billion vehicle miles traveled by ZEVs, and carbon dioxide tailpipe emissions savings of 33 million metric tons between 2023 and 2032. Tech Xplore
• [New] By 2032, ZEVs achieve total cost of driving parity with diesel vehicles in light-medium and medium-duty trucks, driven by declines in battery costs. Tech Xplore
• [New] Washington is wary that cheap Chinese exports could flood global markets, citing green energy sectors like solar and electric vehicles. The Daily Star
• [New] Phase 3 standards are significantly more stringent, reducing GHG emissions from HD vehicles by 29% below 2021 levels by 2032, while Phase 2 standards reduced emissions by 17% below 2010 levels by 2021. Environmental and Energy Brief
• [New] Under the United States Inflation Reduction Act, electric vehicles containing critical minerals sourced from Foreign Entities of Concern will not qualify for the US$7,500 electric vehicle credit starting in 2025. Stockhouse
• Over 100 new models of battery electric vehicles were announced for release by the world-leading automakers by 2024, which will increase the EV sales to 30-35% among passenger vehicles by 2030. PubMed Central (PMC)
• The transition to Electric Vehicles (EVs) is paramount, as the EU sets ambitious goals for zero-emission truck expansion by 2030, promising a more environmentally friendly fleet traversing European roads. Logistics and Transportation review
• The Department of Energy has made $37 million available for projects that support research, development and demonstration efforts in recycling electric vehicle batteries and exploring their second-life applications. Government Market News
• With China, Japan, and India adopting more electric vehicles, and urbanization driving demand, lithium-ion battery use is projected to surge, propelling li-ion battery recycling demand. Yahoo Finance
• The cylindrical battery plant, called LG Energy Solution Arizona, will produce 46-Series batteries for electric vehicles (EV). Morningstar, Inc.
• The EPA rule is expected to make about 17% of the biggest class of trucks in the U.S. carbon-free within eight years - a big test for vehicles that travel long distances with heavy loads. Scientific American
• The opportunity for South Korean firms to cooperate in strengthening supply chain resiliency has allowed for deeper South Korean integration into the U.S. supply chain in critical sectors such as semiconductors and electric vehicles. Council on Foreign Relations
• In the battery sector alone, companies have announced plans to build 44 major factories with the potential to produce enough battery cells to supply more than 10 million electric vehicles per year in 2030. The Conversation
• As the UK government pushes towards its goal of banning the sale of new petrol and diesel cars by 2030, the adoption of electric vehicles (EVs) is skyrocketing. Free Price Compare
• AI and data centers, electric vehicles, US manufacturing, and population growth make it highly likely that electricity demand will steady rise in the coming decades. Seeking Alpha

Last updated: 13 April 2024