Lithium prices have fallen around 70% over the past year as EV sales growth slowed, but capacity expansions by chemicals makers and government support globally bode well for the market longer term, Pilbara Minerals CEO Dale Henderson said.
Mercedes-Benz: Supply chain bottlenecks for critical components remained "a significant risk factor", while the potential for an "even more pronounced" slowdown in economic growth could also have an impact on automotive markets, the group said in a statement.
Joe Biden: The White House could enact proposed Environmental Protection Agency regulations as soon as March that would mandate dramatic reductions in tailpipe emissions. The administration proposal would require boosting U.S. EV market share to 67% by 2032 from less than 8% in 2023.
EV Adoption: Kerala s surprising surge in demand for electric vehicles has left automakers puzzled. Despite representing only about 4% of India s total passenger vehicle sales, Kerala ranks second in electric car adoption, closely behind Maharashtra. Factors such as heightened consumer awareness, reduced operational costs, and improved charging infrastructure have propelled sales in states like Kerala, Karnataka, and Gujarat.