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International Energy Agency expects global oil demand growth to slow to 1.2 million barrels/day in 2024, and to 1.1 million barrels/day in 2025; greater efficiency of traditional vehicles, expanding fleet of EVs help curb additional requirement for oil
Published: April 26, 2024 by CE Noticias Financieras
Global electric vehicle sales surge by 25% YoY in Q1 2024 to about 14 million globally; by 2030, 1 in 5 vehicles in US and Europe to be electric, 1 in 3 vehicles in China to be electric: International Energy Agency Global Electric Vehicle Outlook
Published: April 26, 2024 by China Daily: US Edition
Biden administration issues new rules limiting supply of EV battery components from China, Russia, North Korea, and Iran; rules potentially impact electric vehicle tax credits and pressures US manufacturers to expand domestic production
Published: April 26, 2024 by Mondaq Business Briefing
Newly-formed Electro Movilidad Asociación aims to make all vehicle sales in Mexico battery-electric by 2035, encourages Mexican government to improve public policy and charging infrastructure; other industry associations call these goals overly ambitious
Published: April 26, 2024 by Ward's Auto World
LG Energy Solution scales back capital expenditure amid global EV demand slowdown and a 75% drop in Q1 2023 operating profit; company focuses on boosting performance and targets cheaper EV market with 46-series cylindrical battery products
Published: April 26, 2024 by KNN (Knowledge & News Network)

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