Spark of Inspiration: The Huge Opportunity to Power The EV Market

Electric vehicles find themselves on a rocky road. Following years of growth and advancements in battery technology, supply chain bottlenecks have created uncertainty in the market. President Biden’s Inflation Reduction Act was stacked with tax incentives intended to drive EV adoption, but it was vague on battery requirements. The focus on growing the mineral and battery component industries in the US has prompted fresh scrutiny on China’s dominance of production as exports of Chinese-made EVs rose to almost a million in 2022.    Currently Indonesia and Thailand are planning similar government subsidies for EVs, while global organisations and governments have asked the Biden administration to relax its strict requirements around what EVs qualify for a tax credit. These policy debates continue against a backdrop of ever-increasing demand for EVs. Despite a 6% year-on-year decrease in total sales in December 2022, last year was a record year for EVs. 10.4 million units were sold.    On the Interchange: Recharged, we are joined by Michael Insulan from Electra, and Egor Prokhodtsev from Wood Mackenzie. Michael is interim CFO and VP of Commercial at the battery manufacturer, and explores how Electra is working to meet the demand for batteries by utilising new technologies and materials, as well as looking to recycle obsolete batteries. Egor is Senior Research Analyst at Wood Mackenzie, and examines the current state of the EV market.    Demand is growing, and something has to power the millions of vehicles sold each year. There’s a huge opportunity for organisations at the right place and right time to secure their future as supplier to the world of lithium, cobalt and nickel. National bans on ICE vehicles in the UK and Germany by 2030, France by 2040, and California by 2035 are snapshots of where the world is heading. Smoothing the road ahead so EVs can drive us to a net zero world is critical.    Follow us on Twitter – we’re @interchangeshow. Do get in touch with thoughts, queries or topics you’d like us to cover. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Om Podcasten

Clean tech, green finance and energy innovation are the three lanes on the road to a successful global energy transition. At the intersection of these lanes is a place where ideas on finance, technology and policy are shared and debated. That intersection is Interchange Recharged.  Sylvia Leyva Martinez, principal analyst at Wood Mackenzie, invites visionaries, entrepreneurs, policy-makers and energy analysts to explore the newest developments in renewable technology, explain the ideas on global energy policy that could accelerate the energy transition, and identify new funding and financial models that could solve the biggest challenges we face on the way to net zero.  Sylvia and her guests bring you data and forecasts on clean technology, climate science, and offer predictions on the build out of utility-scale projects and the future of green finance. What impacts do the annual UN Conference of the Parties have on decarbonisation goals and climate change? What will COP30 bring? What’s happening in global EV adoption and development? What’s the forecast for solar energy, one of the major success stories of renewable energy in the last ten years? What does the data tell us about the future of hydrogen, of nuclear, or of low-carbon power?  These are examples of the insights and detailed analyses you can expect bi-weekly on Tuesdays at 7am ET.  If you like The Energy Transition Show, Catalyst with Shayle Kann, The Big Switch from Columbia University, Open Circuit with Stephen Lacey or The Green Blueprint, you’ll enjoy Interchange Recharged.  Want to get involved with the show? Reach out to podcasts@woodmac.com to: Bring Sylvia and Interchange Recharged to your event Be a guest on the show  Sponsor an episode Ask a question to Sylvia or one of our guests  Check out another leading clean tech global podcast by Wood Mackenzie, Energy Gang, at woodmac.com/podcasts/the-energy-gang Wood Mackenzie is the leading global data and analytics solutions provider for renewables, energy and natural resources. Learn more about Wood Mackenzie on the official website: https://www.woodmac.com/