Categories
Battery Technology News

Volkswagen, Mercedes Sign Battery Materials Supply Deals With Canada [Video]

Volkswagen Group and Mercedes-Benz Group have signed Memorandums of Understanding (MoU) with the Canadian government to secure access to the country’s reserves of battery materials such as lithium, cobalt, nickel and graphite.

While German automakers are competing for scarce supplies of raw materials with other carmakers shifting to electric vehicles, their motivation for a deal with Canada goes beyond that. It likely has a lot to do with America’s recently passed Inflation Reduction Act, which stipulates that EVs eligible for the full $7,500 federal tax credit will need to be made in North America and feature battery materials sourced from North America.

Starting in 2024, at least 40% of the critical minerals in EV batteries must be sourced from North America or other free-trade partners, with the requirement going to 100% by 2029. 

In the presence of Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz, the memorandums of understanding were …

Watch/Read More

Most Popular Posts Today

Alberta electric vehicle owners ‘overwhelmingly’ happy with buy: AMA [Video]
►
Categories
Battery Technology News

Alberta electric vehicle owners 'overwhelmingly' happy with buy: AMA [Video]

For many people looking to buy a new car, an electric option means extra considerations, like battery life or ability to charge and where. Despite these potential roadblocks, a new survey by the Alberta Motor Association (AMA) finds the vast majority of people in the province who own an electric vehicle (EV) are happy with their purchase.

Most Popular This Week

Aaj News – Pakistanis stealing car batteries in Saudi Arabia arrested [Video]
►
Categories
Battery Technology News

Aaj News - Pakistanis stealing car batteries in Saudi Arabia arrested [Video]

#AajNews #Pakistannewslive #saudiaarabia #carbattery #pakistani Aaj News - Pakistanis stealing car batteries in Saudi Arabia arrestedWelcome to the Official Channel of Aaj TV - delivering latest regarding current affairs, political developments, business and weather along with top talk shows featuring some of the best journalists and prominent personalities.Subscribe to get all the latest updates from Aaj TV.Aaj TV Official:shorturl.at/iBDNXFaisla Aap Ka:https://bit.ly/3RRUcY0| Aaj News Programs |Spot Light With Munizae Jahangir:https://bit.ly/3nbEo5WRubaroo with Shaukat Paracha:https://bit.ly/3BQ6SGxAaj Rana Mubashir Kay Sath:https://bit.ly/3BQFXukAaj Pakistan with Sidra Iqbal:https://bit.ly/3DV6CbbTarget:https://bit.ly/3BJRThgPaisa Bolta Hai With Anjum Ibrahim:https://bit.ly/3zUFiHsTax Aur Aap:https://bit.ly/3yLYs0YSawal Hai Pakistan Ka:https://bit.ly/3zU0xJxSubscribe to our channel here:- https://www.youtube.com/aajTVofficial...- https://www.youtube.com/c/AajNewsUpdates==================================All Copyrights Reserved by Aaj News Network. #Live #AajNewsUpdates #AajLive #AajNewslive #AajNewsBreaking

Volkswagen Just Shocked The Auto Industry Unveiling “Tesla’s Car” [Video]
►
Categories
Battery Technology News

Volkswagen Just Shocked The Auto Industry Unveiling "Tesla's Car" [Video]

Volkswagen has just unveiled its new affordable electric vehicle, the ID.2all, during an investor event in Germany. With a starting price of 25,000 euros ($26,600) and an estimated range of 450 kilometers (279 miles), the ID.2all is aimed at being an affordable, mass-market electric vehicle for the people.