Electric Vehicles Global News

The PTOLEMUS research team is tracking important developments around electric vehicles on a daily basis. We are also looking at related issues like the decarbonisation of transport. Take a look here to see some of the latest news on electric vehicles.

Electric vehicles

 INVESTORS DRAIN OUT $126 BILLION FROM TESLA’S SHARES IN THE SHADOW OF ELON MUSK’S DECISION TO BUY TWITTER 27/04/2022
Investors reacted by pulling off shares from Tesla considering the CEO (Elon Musk) to buy Twitter. Many investors worry that the distractions of Elon considering Twitter’s management and selling Tesla’s shares would put an adverse impact on the company.
 INDIA INTRODUCED POLICIES FOR BATTERY SWAP FOR ELECTRIC TWO/ THREE-WHEELERS 22/04/2022
The battery swap policies could be beneficial for companies which are collaborating on battery swaps such as Reliance and Britain’s BP. This policy will bolster the government’s stand to increase the induction of environmentally friendly vehicles. The policy will provide incentives to customers who are willing to spend on EVs with a swappable battery option.
SONY AND HONDA JOIN HANDS TO DEVELOP AND SELL ELECTRIC VEHICLES 04/03/2022
Honda and Sony will collaborate to develop and sell their first battery-electric car by the end of 2025. Honda will be responsible for the manufacturing of the vehicle, whereas Sony will lead the work on the mobility service platform.
OPIBUS AIMS TO CONVERT CONVENTIONAL VEHICLES TO ELECTRIC ONES 01/03/2022
Opibus aims to transform the mobility sector of Kenya by converting conventional vehicles into electric vehicles. Opibus has introduced electric two-wheelers which have a good range and speed. Nonetheless, it is expected to face stiff competition for its electric two-wheelers from Indian and Chinese manufacturers such as Bajaj Auto and Haojun.
SAUDI ARABIA SETS UP ITS FIRST EV PLANT 01/03/2022
Saudi Arabia announced to set up its first EV manufacturing plant. This will help Saudi Arabia to meet its target of 30% EVs by 2030. The plant will be set up by Lucid Group, with a target annual production of 150,000 vehicles.
STELLANTIS AIMS TO HAVE 100% SALE OF EVS BY THE END OF THIS DECADE 01/03/2022
By the end of the decade, STELLANTIS aims to have 100% sale of EVs in Europe and 50% sale of EVs in the United States. These are important steps to shape the organizational goal of clean and sustainable mobility products.
FORD TARGETS 100% CONVERSION OF COMBUSTION PASSENGER VEHICLES INTO ELECTRIC ONES BY THE END OF DECADE IN EUROPE 01/03/2022
Ford aims to split the conventional and electric vehicles’ production into separate units. By 2026, Ford aims to have one third of vehicles sold as electric. Each unit will have independent management and financial control.
 CHINESE EVs FACE PRESSURE AFTER INCREASE IN LITHIUM ION BATTERIES AND DWINDLING SUBSIDIES 24/02/2022
The price of Lithium Ion Carbonate in China has increased by 700% in the last year. The price of other important materials such as Nickel Sulphate and Cobalt has also increased. Besides, the Chinese government has also decreased subsidies for EVs by 30%. Hence, many EV producers fear the financial squeeze and have increased the retail price of EVs. Ora, a low-priced EV producer, has stopped the sale of its two EV models.
TESLA REVERSE ON BATTERY CELLS SIGNAL SHIFT FOR ELECTRIC VEHICLES 22/02/2022
Given surging commodity prices and squeezed margins, battery makers have been raising the price of lithium-ion batteries.
LG Energy Solution for example, which supplies Tesla, Porsche and BMW, is reported to have increased battery prices by a tenth this year as nickel prices quadrupled last year. The Elon Musk-controlled company will use iron-based batteries in those cars, also known as lithium iron phosphate batteries
EQT TO ACQUIRE BRITISH ELECTRIC-VEHICLE CHARGING
FIRM INSTAVOLT
22/02/2022
Founded in 2016, Basingstoke, U.K.-based InstaVolt operates 700 charging points for electric vehicles, mostly at retail, food and beverage forecourts. While EV take-up in the U.K. more than tripled between 2019 and 2021, charging points only increased by 70%, the Society of Motor Manufacturers and Traders said this month. In response, carmakers in the U.K. are calling for the creation of an independent regulator to oversee the country’s EV infrastructure push amid concerns that long lines at charging stations will put off buyers.
TESLA REVERSE ON BATTERY CELLS SIGNAL SHIFT FOR ELECTRIC VEHICLES 22/02/2022
In line with the general rise in commodity prices and reduced margins,  the price of lithium-ion batteries has been raised by producers.
For example, LG Energy Solution which supplies to BMW, Tesla and Porsche, has increased battery prices by a tenth this year due to the rise in nickel prices the previous year. Tesla has indicated it will use iron-based batteries (also known as lithium iron phosphate batteries) in its cheaper standard-range cars.