EV Sector Update: Global Markets, Innovations, Policies, and Industry Growth

Chinese electric vehicles have come under scrutiny in North America, with the US attempting to block their market entry to protect legacy automakers while Mexico has stopped offering federal incentives to Chinese EV manufacturers due to US pressure In-depth research shows that while older EVs depreciate faster, newer models with longer ranges are holding onto their value well into 2023 The Biden administration's push for EV adoption through environmental regulations has been legally challenged by a coalition of 25 state attorneys general, citing unworkable emissions standards. Meanwhile, GM Energy has unveiled a bidirectional charging solution for EVs, offering power transfer capabilities between vehicles and homes, with full compatibility expected by 2026 Volkswagen workers in Chattanooga, Tennessee are facing a contentious union election with implications for the UAW's influence in the sector The electric car subsidiary brand of Mercedes-Benz and Geely, Smart, ushers in its new-generation Concept #5, a premium all-electric SUV designed for urban outdoor enthusiasts. On the technology front, Google Maps is rolling out new features to assist EV drivers in locating charging stations with real-time port availability, while a Washington State energy board curtails a wind farm project to protect an endangered hawk species Nio denies layoff rumors, LG Chem Ltd and Korea Zinc Inc.

are forming a joint venture to produce material for EV batteries, and SDG&E launches a charging infrastructure for heavy-duty electric trucks at the US-Mexico border Broadly, global sales of electric vehicles continue their meteoric rise, backed by significant governmental and industrial support, seeking a more sustainable and carbon-efficient future.