On May 24, Glencore, a commodity trading and mining firm, pled guilty to a decades-long bribery and corruption scheme stretching across Africa and South America. Separately, Glencore also admitted to manipulating oil prices. In response, Assistant U.S. Attorney General Kenneth A. Polite, Jr., stated, “Glencore Ltd. undermined public confidence by creating the false appearance of…
Tesla Uses Company Guilty of Oil Price Manipulation, Bribery, and Corruption for EV Batteries
September 27, 2022
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Improving Electric Vehicles: Researchers Develop New High-Speed Motor
September 23, 2022
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A team of researchers from the University of New South Wales (UNSW) has developed a new record-breaking high-speed motor that could improve the range of electric vehicles (EV). The new motor is the fastest Interior Permanent Magnet Synchronous Motor (IPMSM) that has ever been built with commercialised lamination materials, achieving speeds of 100,000 revolutions per minute, doubling…
Sen. Rubio Blasts California’s Gas Car Ban as Self-Defeating ‘Silliness’
September 19, 2022
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banBusiness & MarketsCaliforniaeconomic policieseconomyElectric Vehiclesenergygas-poweredMarketsPolicies & ImpactsPoliticsUSUS News
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Sen. Marco Rubio (R-Fla.) took aim at California’s plans to ban gas-powered cars, telling reporters at a recent press conference in Florida that due to continued reliance on fossil fuels to generate electricity to charge electric vehicles (EVs), the scheme is self-defeating and silly. Rubio made the remarks during a press conference in West Palm…
South Korean Companies Enter US Waste Battery Recycling Business to Reduce Mineral Dependence on China
September 17, 2022
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Amid the rising global demand for electric vehicles and the U.S.’s passage of the Inflation Reduction Act, many South Korean companies have entered the U.S. battery recycling market. And those that rely heavily on China for key minerals are diversifying their supply chains, and one of their solutions is reusing waste batteries. The Inflation Reduction…
Electric Cars Are Not ‘Zero-Emission Vehicles’
September 15, 2022
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News Analysis While praising California’s decision to ban the sale of new gasoline-powered cars by 2035, Governor Gavin Newsom declared that this will require “100 percent of new car sales in California to be zero-emission vehicles” like “electric cars.” In reality, electric cars emit substantial amounts of pollutants and may be more harmful to the environment than conventional cars….
United States and Mexico to Cooperate on Semiconductors, Electric Vehicles
September 13, 2022
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The United States and Mexico are planning to cooperate in the manufacture of semiconductors and electric vehicles, according to a White House fact sheet. Both nations seek to establish a Supply Chain Working Group with the initial focus being on semiconductors and information and communications technology supply chain ecosystems, the Sept. 12 fact sheet states….
US and Mexico to Cooperate on Semiconductors, Electric Vehicles
September 13, 2022
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AmericasBusiness & Marketseconomic policieseconomyElectric VehiclesenergyExecutive Branchmexico trade agreementnearshoringPoliticssemiconductor independenceUSUS NewsWorld
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The United States and Mexico are planning to cooperate in the manufacture of semiconductors and electric vehicles, according to a White House fact sheet. Both nations seek to establish a Supply Chain Working Group with the initial focus being on semiconductors and information and communications technology supply chain ecosystems, the Sept. 12 fact sheet states….
US, Mexico to Cooperate on Semiconductors, Electric Vehicles
September 13, 2022
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AmericasBusiness & Marketseconomic policieseconomyElectric VehiclesenergyExecutive Branchmexico trade agreementnearshoringPoliticssemiconductor independenceUSUS NewsWorld
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The United States and Mexico are planning to cooperate on semiconductor and electric vehicle production, according to a White House fact sheet. Both nations seek to establish a Supply Chain Working Group with the initial focus being on semiconductors and information and communications technology supply chain ecosystems, the Sept. 12 fact sheet states. A Memorandum…
States to Ban Gas-Powered Cars Despite Human and Environmental Cost of Electric Vehicles
September 12, 2022
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In Chile’s Salar de Atacama, locals watch helplessly as their ancestral lands wither and die, their precious water resources evaporating in salar brines. In the Democratic Republic of Congo, hope for a better life dissolves as well-funded Ugandan-led extremist groups force children as young as six into cobalt mines. Closer to home, Nevada’s Fort McDermitt…
Electric Cars Unable to Go the Distance: Regional MPs
September 9, 2022
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Asia & PacificAustraliaBarnaby JoyceBusiness & MarketsColin BoyceDai Leeconomic policiesElectric VehiclesenergyEVsInternationalJim ChalmersWorld
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Australian MPs representing rural and suburban seats are arguing against the Labor government’s plan to introduce tax incentives to spur electric vehicle (EV) sales in the country. Nationals MP Barnaby Joyce said for many voters in his electorate of New England, a vast expanse of northern New South Wales, EVs were too expensive and impractical…
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