MARKET NEWS

NHS rolls out new EV initiative helping to relieve pressure on ambulance services across the country while also helping the NHS cut its carbon footprint Link

Renault trucks launches vehicle “disassembly plant” to boost circular economy initiatives Link

California asks residents not to charge EVs during heatwave Link

Nissan says it's aggressively pushing electric vehicles to take advantage of a new U.S. law that gives up to $7,500 in tax credits Link

Joint venture between Tianqi and IGO steps up production at Australian lithium refinery Link

There may not be enough critical mineral deposits in the US to satisfy demand for EVs Link

Toyota isn't convinced electric vehicles are the future despite all other manufacturers jumping on an all-electric bandwagon Link

World EV road trip reveals an Australian market in the slow lane Link

Chinese EV stocks tank after Li Auto and Xpeng report plunge in August deliveries; Nio ekes out growth Link

RELEVANT ARTICLES

The Conversation - The surprising history of how electric vehicles have played the long game and won Link

Electric vehicles, we are often told, are the future. A whole range of carmakers and nations have plans to go electric. What is often overlooked is that electric vehicles have a history as well as a future. Robert Davidson built the first practical electric vehicle – a 16-foot (4.9 metre) truck driven by electro-magnetic motors – in Scotland in 1837. Although the internal combustion engine gradually gained the upper hand – partly because of the limited range of electric vehicles – little-known ventures into electric car-making continued. Early electric vehicles suffered from limited battery range, a big drawback in large countries such as Australia and the US. The breakthrough came as early as the 1990s, when rechargeable lithium ion batteries emerged. Almost 20 years ago, Tesla was founded to take advantage of this technology. Today, the electric car’s hour seems to have finally come. In an era of climate change, tightening regulations aimed at the internal combustion engine are producing real change.

New York Times - You Want an Electric Car With a 300-Mile Range? When Was the Last Time You Drove 300 Miles? Link

Give an EV a big enough battery and a fast-charging network, you’ve got the perfect car: big, heavy, powerful and ready to head off into the sunset at a moment’s notice. However, this fundamental approach to EV policy has failed to achieve its goals. Rather than unleashing a mass market of affordable EVs, more than a decade of subsidies favouring large batteries has created an overheated market. The short time frame remaining to limit climate change brings unique urgency to the electrification challenge. Making the most of emerging technologies always starts with understanding our needs and how best to meet them, not simply moulding them into an image of the past. Figuring out how to grow the EV market across a decade of battery scarcity is only the most immediate opportunity to embrace this kind of challenge.

STATISTIC OF THE WEEK

The Financial Times – Australian lithium refinery targets carmakers diversifying from China Link