Page 3 - Battery Components News Today

Fewer electric car models qualify for tax credits in 2024 after new requirements kicked in on Jan. 1.

(Bloomberg) -- The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in on Jan. 1.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsQuake Hits Northwestern Japan, Killing Four, Wrecking HomesIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesUS Pushed Dutch Maker of Chip Equipment to Block Chinese Sales Before DeadlineMaersk Halts Red Sea Shipping as U...

For now, we will just have to wait and see which electric vehicle models get more expensive.

Bolivia, home to some of the worlds biggest lithium reserves, signed a USD 450 million deal Wednesday with Russian state firm Uranium One Group to produce the key battery and electric vehicle components. Uranium One Group was one of seven firms vying for the contract under a tender launched last year by Bolivias state-run lithium firm, YLB. YLB chief executive Karla Calderon said the pilot plant would produce 1,000 tonnes of battery-grade lithium carbonate in its first year, before eventually sc...

Himadri: Lithium-ion batteries, which power electric vehicles (EV) and used to store energy, are expected to play a key role in Indias goal to be a net zero emitter of greenhouse gases by 2070. The country is expected to see sales of more than 10 million EVs a year by 2030, rising more than ten fold from the last fiscal year, according to a recent annual Economic Survey.

The government proposed new rules Friday that could make it harder for electric vehicles to qualify for a full $7,500 federal tax credit, complicating efforts to meet President Joe Biden's goal that half of new passenger vehicles sold in the U.S. run on electricity by 2030. Plans outlined by the departments of Treasury and Energy would limit EV buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered host...

WASHINGTON (Reuters) -Two influential Democratic U.S. senators urged the Energy Department to take steps to boost U.S. battery manufacturing and next-generation battery research, citing China's dominance and export controls, according to a letter seen by Reuters. Senate Intelligence Committee Chair Mark Warner and Energy Committee Chair Joe Manchin cited experts saying that the United States is "ten to twenty years behind Asia in commercialization of battery technology," and noted...

LG Energy Solution will produce battery components for exclusive use by Toyota, the automaker announced Wednesday.

The new 'stacking technology' makes better use of physical space per cell, leading to increased capacity.

Semafor speaks to White House deputy director of the National Economic Council Joelle Gamble on the Biden administration’s strategy for rooting supply chains out of China.