Electric Vehicle And Battery Metal News - January 2019

SBTV brings you the latest news from around the world on the Electric Vehicle Revolution and Battery Metals.

In this update:
01:16 Shenzhen is now almost fully serviced by e-Taxis
03:06 GoCompare study: China has the highest number of electric cars
04:11 Volkswagen, China spearhead US$300 billion global drive to electrify cars
07:42 India's electric vehicle goals being realized by electric scooters and motorcycles
09:47 Indonesia aims to have 20% domestic electric vehicle sales by 2025
11:52 Solid-state batteries are promising but still years away from production
13:45 Electric cars to be the new norm in Norway
15:29 Singapore's SP Group launches 38 high-speed charging points for electric vehicles

1) Shenzhen Is Now Almost Fully Serviced by E-Taxis

  • City’s goal to replace all fuel-powered taxis with electric-powered models is nearing completion.
  • According to the Shenzhen Transport Commission, the city had launched 20,135 electric-powered taxis by the end of 2018, accounting for 94.21 percent of all operating cabs in Shenzhen.
  • The introduction of e-taxis is part of a major environmental protection initiative to combat air pollution and foster sustainable development.
  • The commission's eventual aim is to ensure that 99.06 percent, or 21,485, of all operating taxis, are electric-powered.

2) A new study by GoCompare shows the state of electric vehicle adoption in 30 International Energy Agency (IEA) member countries

  • With 1,227,770 cars, China has the highest electric car stock in the IEA countries.
  • China, the fourth largest country in the world by area, has more charging points than any other country.
  • With 23.25 charging points per 100km, the Netherlands had the highest number of charging points per 100km.

3) Global automakers plan US$300 billion global drive on electric vehicle technology

  • Nearly half of the money is targeted at China, accelerating the industry's transition from fossil fuels.
  • Spending is driven mostly by government policies adopted to cut carbon dioxide emissions.
  • Almost one-third of the industry's EV spending total, about US$91 billion, is being committed by the Volkswagen Group.
  • The industry is also seeking more alliances and partnerships to help spread the higher investment costs.
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