Jaguar Land Rover has launched a new ‘Future Skills Programme’, outlining plans to train their 29,000 employees by the end of 2025 to work with EVs Link
China’s EV star, and Tesla rival, BYD unveils Europe expansion despite potential exit by shareholder Warren Buffet Link
Citroen announces EV concept which uses recycled cardboard and has a top speed of 68 mph Link
Audi will reveal 'surprise' EVs in its all-electric future range Link
Car part suppliers BorgWarner and Aptiv benefit from increase demand due to EV push Link
Tesla currently dominates the EV market, but if GM can jumpstart EV sales, analysts say it’s poised to take over by the end of the decade Link
UK Government offer EV chargepoint and infrastructure grants for landlords Link
BMW CFO sees ‘very good order’ situation with EVs, projects 400,000 pure EV sales Link
Recycling retired EV batteries releases additional value Link
New Volvo EV feature is designed specifically with parents in mind – to help reduce the risk of children and pets being left in locked vehicles Link
Richmond launches EV car share program, meaning Richmond residents can affordably rent 100% Chevy Bolts on an hourly or daily basis Link
For China’s EV market, it’s not the future, it’s the present. – as more electric cars will be sold in the country this year than in the rest of the world combined Link
RELEVANT ARTICLE
Financial Times - Biden’s renewables push to deliver big benefits to South Korea Link
In May, Joe Biden revelled in a fresh $10bn investment in US manufacturing by the Korean auto giant, Hyundai. However, Hyundai’s $5.5bn EV plant in the US state of Georgia announced is not scheduled to begin production until 2025 — making it ineligible for subsidies until then, making US rivals more competitive in the period. This resulted in furore, exposing growing tensions between South Korea and the US. But Korean talk of “betrayal” has baffled some industry analysts, who point out that what amounts to a short-term setback for a single company pales in comparison with the benefits likely to be accrued by Korea Inc overall.
STATISTIC OF THE WEEK
The rollout of electric vehicle infrastructure is finally picking up pace. But many countries are still a long way behind Link
- A lot of countries are significantly behind when it comes to adapting public infrastructure to match growing demand for EVs
- But there are signs of progress, with revenues related to EV infrastructure picking up pace
- Statista expects 47.7% compound annual growth for global EV infrastructure revenue in 2017-27
