Tag: critical minerals

Electric Vehicle Sales May Hit 60 Million by 2030 Amid Battery Shortages

A recent study by the International Renewable Energy Agency (IRENA) estimates that the yearly sales of electric vehicles (EVs) could hit 60 million units by 2030 to comply with the 1.5°C target. This figure is over four times the current sales of 14 million vehicles as of 2023. Such a swift increase in EV usage will […]

Balancing EV Growth and International Trade: The U.S.’s Thorough Efforts

All News, EV vehicles / By Giz / electric vehicles (EVs), critical minerals, federal tax credits

U.S. Government Allows Chinese-Sourced Minerals in EV Batteries for Tax Credits The U.S. government’s recent decision to temporarily allow the use of Chinese-sourced critical minerals in batteries for electric vehicles (EVs) eligible for federal tax credits has sparked mixed reactions. While it may seem like the best outcome in the current situation, the move highlights the

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