Industry News

Strategic steps need to be taken to support the development of the national electric vehicle industry. These steps can be taken by encouraging the development of battery technology. Presidential Regulation number 55 the year 2019 has been released and is directed toward growing a new market for battery-powered electric road vehicles. It also regulates the manufacture of battery-powered electric road vehicles and components.

(CNN)President Joe Biden is building on his electric vehicle goal with a $3 billion investment Monday aimed at boosting the US supply of lithium-ion batteries through the bipartisan infrastructure package.

SHANGHAI, Apr 26 - According to Drew Baglino, Tesla's senior vice president of engineering, half of Tesla's vehicles are now installed with lithium iron phosphate (LFP) batteries.

Electric Three-Wheeler Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Electric Three-Wheeler Market Research Report, Battery Type, Driving Range, Vehicle Type, and Region - Forecast till 2027” the market value is predicted to reach USD 5.9 Billion by the end of 2027 with registering a CAGR of 11.10% during the forecast period

According to Norway-based independent energy research and business intelligence company Rystad Energy, although global battery demand in 2021 stood at 580 gigawatt-hours (GWh), more than double 2020’s total, global supply was still able to keep up.

As electric vehicle (EV) battery prices keep dropping, the global supply of EVs and demand for their batteries are ramping up.