Industry highlights week 23 – 27 May 2022

The Norwegian Government followed up on plans to remove EV subsidies when it announced the revised budget this week. First to fall is the VAT exemption on electric cars costing more than 500,000 kroner (just under 49,000 euros) as of 1 January 2023.

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The BMW Group is stepping up its commitment to achieving climate neutrality and massively expanding its use of secondary material in closed recycling loops. For the first time in China, the BMW Brilliance Automotive joint venture (BBA) has established a closed-loop for the reuse of the raw materials nickel, lithium, and cobalt from high-voltage batteries that are no longer suitable for use in electric vehicles.

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The UK lacks the cell and pack factories carmakers will need to support their transition away from the internal combustion engine. In what could be a fresh blow to British car-making, the country’s top manufacturer, Jaguar Land Rover, is in talks to Northvolt and SVolt Energy Technology about supplying batteries for a range of EVs it may assemble in Slovakia, according to people familiar with the matter.

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KraneShares has launched a UCITS version of its electric vehicle and future mobility ETF for European investors. The KraneShares Electric Vehicles and Future Mobility ESG Screened UCITS ETF (KARS) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.72%.

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Is Enough Being Done To Push People Towards Electric Vehicles?

Despite having access to grants for the past three years, local authorities have failed to install a single electric vehicle charger in a public place. So says Richard Bruton, Chairperson of the Fine Gael Parliamentary Party.

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Weekly Highlights

Industry highlights week 11 – 15 December 2023

Alfa Romeo has confirmed that its next new model – a compact crossover which will be available as a fully-electric car – will be called the Milano. That reverses months of speculation that the car would be called the Brennero.

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Weekly Highlights

Industry highlights week 04 – 08 December 2023

Henderson Group and bp pulse have signed a partnership agreement to install ultra-rapid changing for up to 200 electric vehicles (EVs) at around 100 Henderson Retail sites across Northern Ireland within the next two years.

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