The effects of winter climates on EV charging time will affect sales in the colder states of the US Link
Cherwell District Council are set to approve a plan which would involve the electrification of bin lorries. Link
Controversy over Australian government’s new policy offering a discount on electric cars by removing tax and customs on them. Link
Elon Musk commented on the need for more oil and gas, demonstrating the lack of cost advantage for EVs versus gasoline cars. Link
India’s success with electric mopeds and rickshaws instead of cars is providing an outline for a low-cost incentive to tackle climate change in developing countries. Link
Former President Trump went on an illogical rant at a rally in Pennsylvania regarding electric cars, suggesting that “we need to get rid of the stuff”. Link
Manufacturing workers in the Midwest are concerned about the rise in EV popularity, and the possibility of their jobs becoming obsolete. Link
Toyota plan to invest up to $5.3 billion in the US and Japan to accelerate battery production. Link
Honda and LG will invest $4.4 billion for a new battery plant in the US, to localise the supply chain and cut costs from China. Link
Half of Jeep sales in the US to become electric by 2030. Link
RELEVANT ARTICLES
The Financial Times – EV batteries are too much of a good zing Link
Higher demand for EV batteries would result in greater power over buyers and subsequent price rises, correct? However, LG Energy Solution have seen a fall in profit, despite record level demands for its products. Part of this can be accredited to the disruptions caused by lockdowns, but even excluding these, earnings are slowing and operating margins have fallen. The manufacturing and infrastructure costs are high and increasing, especially due to the evolving nature of battery materials and LG’s extensive client base. In the long term, it is forecasted that automakers will share these costs, but in the short term these high costs will remain.
AM Online – Connected EVs are prime targets for a new era of cyber attacks Link
Cyberattacks have always been a threat for car owners, a crime which has increased by 225% from 2018 to 2021. It has been found that flaws in some software used in electric cars presents hackers with the opportunity to control some vehicles remotely, including the doors, horns and starting the engines. Not only is the car a target, but the infrastructure which supports it such as charging points are also a point of attack. Manufacturers face an issue of focusing on functionality, rather than cybersecurity which enables cybercrime to happen so easily. They need to realise these vulnerabilities and actively respond with a shift in system manufacturing.
STATISTIC OF THE WEEK
The Express - Electric car owners can charge for free at public charges around the UK on Friday Link
