Globally, electric vehicle sales reached 14.2 million in 2022. This represents a significant increase from 2021, when EV sales accounted for 9% of new car sales. The top 5 countries by EV sales were China, Europe, the United States, Norway, and South Korea. The global EV market size was USD 280 billion in 2022 and is expected to grow to USD 1 trillion by 2026.
USA, 11 July 2023: The Inflation Reduction Act (IRA) of 2022 includes a new tax credit for electric vehicles (EVs) that use batteries containing critical minerals. To qualify for the….
CALIFORNIA, 11 July 2023: AIROI, a leading technology company specializing in artificial intelligence and sustainable solutions, has partnered with GIZMMO Consultants to launch a new initiative aimed at addressing climate….
NEW JERSEY, 11 July 2023: Sika, a specialty chemicals company, has acquired Thiessen Team USA, a US manufacturer of shotcrete and grouting products for the mining industry. The acquisition will….
AUSTIN, 10 July 2023: Tesla Inc stock has been on a tear in 2023, and one analyst believes it could still have more room to run. Bank of America analyst….
WASHINGTON DC, 9 July 2023: General Motors Defense (GM Defense) announced that it has incorporated GM Defense Canada. This new entity will strengthen GM Defense’s ability to support the Canadian….
VIETNAM, 9 July 2023: Foxconn, the contract electronics manufacturer, is investing USD 200m in Vietnam to develop electric vehicle (EV) components. The new plant, located in the northern part of….
ALBUQUERQUE, 8 July 2023: A new battery technology developed by Flow Aluminum, Inc, a company based in New Mexico, is gaining attention for its superior performance and eco-friendly features. The….
SYDNEY, 8 July 2023: CIMIC’s Sedgman, a leading minerals processing company, has acquired Novopro Projects Inc, a Canadian engineering and metallurgy company that specializes in lithium processing. The acquisition will….
CALIFORNIA, 7 July 2023: The Energy Infrastructure Incentives for Zero-Emission Commercial Vehicles (EnergIIZE) Project, funded by the California Energy Commission and administered by CALSTART, is offering up to USD 25m….
PORTLAND, 7 July 2023: The global electric vehicle (EV) charging connector market is expected to reach USD 273.2m by 2032, growing at a CAGR of 17.0% from 2023 to 2032…..
