EV July-August 2022 NEWS
Reuters
Canadian miners cheer Ottawa's critical minerals budget plan. Canadian miners say Ottawa's plan to spend C$3.8 billion ($3.02 billion) to boost domestic production of lithium, copper and other strategic minerals should help propel the country's efforts to become a key part of the global electric vehicle supply chain.
Seeking Alpha
Summary Global electric car sales for May 2022 - Up 55% YoY, reaching 12% share. China sales up 109% YoY to 31% share. Europe sales up 3% YoY to 19% share.
EV market news - EU nations approve end to combustion engine sales by 2035. BYD says shift to EVs moving “much faster” than expected. UK ends subsidies for electric cars.
EV company news - BYD electric car sales soar again.
Tesla’s China production roars back, files to split shares 3-for-1.
Volkswagen’s world premiere of its first fully-electric sedan ID. AERO. Hyundai to establish its first dedicated EV plant and battery manufacturing facility in the U.S. with an investment of approximately $5.54b.
BMW starts production at new $2.2 billion China plant to ramp up EV output. GM Buick commits to all-electric portfolio by end of decade.
Seeking Alpha
China electric car sales were 458,000 in March 2022 representing the 2nd best monthly result ever, up 118% on March 2021 sales. Electric car market share in China for March was an impressive 26%, and 21% YTD.
Europe electric car sales were 250,000 in March 2022 (2nd best month ever), up 10% YoY, reaching 22% market share and 21% YTD. Norway reached 92% share, Sweden 56%, Germany 26%, UK 23%, and France 21.4% in March 2022.