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It looks like there will be much more demand for AFC EV Charger than previously thought, as the uptake of EV will become mainstream quicker.
Part 1:
Europe is sometimes — often, even — chided for its slow decision-making, which is seen by many as a product of being a “Club of 27” and the need to gain consensus for coordinated action.
But a recent FT article describes an impressively fast response to Europe’s realization that it is being left behind in the lithium battery industry and, by extension, the wider Electric Vehicle (EV) market.
The EU car industry had assumed up to a couple years ago that batteries would become a commodity and were low on the list of priorities in developing a competitive domestic EV industry. But although carmakers have invested billions in developing models and technologies around EV automobiles, the European car market remains almost totally reliant on imports for batteries despite the fact that nearly 40 percent of the vehicle value is said by the FT to be the batteries.
For an industry that is the backbone of European manufacturing, that is a staggeringly exposed position to be in. Even the 3 percent that are made in Europe are mostly by Asian-owned companies.
Global production is dominated by Japan’s Panasonic, South Korea’s Samsung and CATL and BYD of China, the FT reports, with China by far the largest, as this chart courtesy of the FT illustrates.
But that is all about to change.
With €1 billion of funding from Volkswagen, Goldman Sachs and Ikea, a company called Northvolt will launch its first factory at Vasteras in Sweden as a dress rehearsal for a much larger Gigafactory in Skelleftea, in northern Sweden, where production should start in 2021.
Supported by cheap loans from the European investment bank and state aid from the EU, the Skelleftea plant is projected to cost up to €4 billion, but will be bigger than Tesla’s Nevada Gigafactory producing some 40 gigawatt hours of capacity by 2024, or some 2 billion individual battery cells, the FT reports. That should be enough for some 500,000 to 600,000 electric vehicles a year with the first phase of capacity already sold out to European carmakers.
Some may question the sense in locating the factory just south of the Arctic Circle, far from car plants, but the rationale is it can access cheap hydropower. As a result, the plant’s energy costs will be a quarter to a third of those available to its competitors in China.
To form a truly integrated supply chain, however, the EU’s European Battery Alliance (EBA) will need to develop mine supply and lithium refining. Although potential mining projects in some 10 EU countries have been identified, the upstream end of this supply chain remains the farthest from self-sufficiency.
Europe’s move to EVs is being driven more by legislation than customer demand. Much as it is in the U.S., the public remains deeply skeptical of the technologies’ ability to deliver a seamless replacement for the internal combustion e

From yesterday . . .
The European Union is set to ratchet up its climate ambition, overhauling continent-wide regulation aimed at slashing greenhouse gas emissions.

The urgency is palpable as news of the climate crisis continues to grow worse. According to the World Meteorological Organization (WMO), the world may see 3 to 5 degrees Celsius of warming by 2100, far in excess of the 1.5-2.0 C target that governments are aiming for as part of the Paris Climate Agreement, and a faster rate than previously thought. Under this grimmer scenario, impacts on coastlines, rainforests, food production and human populations are widely expected to be catastrophic.

It is against his backdrop that world governments meet this week in Madrid for climate talks, where they hope to add more teeth to climate action. A flurry of public and private sector announcements have been timed for this week. Among them, for instance, include Repsol, the Spanish oil company, which announced a net-zero emissions target for 2050.

More importantly, the European Commission is set to unveil a European “Green New Deal” on December 11, a package of “deeply transformative policies,” according to a leaked draft. The overarching goal is net-zero emissions by 2050, but the policies to get there are numerous.

They may include expanding cap-and-trade to cover the maritime sector and maybe even transportation, while eliminating some allowances to aviation; stricter emissions controls on combustion engines; and a laundry list of other ideas aimed at everything from climate finance to industrial emissions and even agriculture. Many of the ideas are still vague and the details could change, but the document currently under consideration does seem bolder than anything put forward to date.

But alarmingly, emissions continue to rise. “The summary findings are bleak,” the UN Environment Program wrote in a report released last month. “Countries collectively failed to stop the growth in global GHG emissions, meaning that deeper and faster cuts are now required.” Scientists say that global emissions need to fall by roughly half by 2030, which, given the trajectory and the entrenched interests at play, hardly seems fathomable. . . . .
https://oilprice.com/The-Environment/Global-Warming/What-To-Expect-From-The-European-Green-New-Deal.html

The European Union is set to ratchet up its climate ambition, overhauling continent-wide regulation aimed at slashing greenhouse gas emissions.

The urgency is palpable as news of the climate crisis continues to grow worse. According to the World Meteorological Organization (WMO), the world may see 3 to 5 degrees Celsius of warming by 2100, far in excess of the 1.5-2.0 C target that governments are aiming for as part of the Paris Climate Agreement, and a faster rate than previously thought. Under this grimmer scenario, impacts on coastlines, rainforests, food production and human populations are widely expected to be catastrophic.

It is against his backdrop that world governments meet this week in Madrid for climate talks, where they hope to add more teeth to climate action. A flurry of public and private sector announcements have been timed for this week. Among them, for instance, include Repsol, the Spanish oil company, which announced a net-zero emissions target for 2050.

More importantly, the European Commission is set to unveil a European “Green New Deal” on December 11, a package of “deeply transformative policies,” according to a leaked draft. The overarching goal is net-zero emissions by 2050, but the policies to get there are numerous.

They may include expanding cap-and-trade to cover the maritime sector and maybe even transportation, while eliminating some allowances to aviation; stricter emissions controls on combustion engines; and a laundry list of other ideas aimed at everything from climate finance to industrial emissions and even agriculture. Many of the ideas are still vague and the details could change, but the document currently under consideration does seem bolder than anything put forward to date.

But alarmingly, emissions continue to rise. “The summary findings are bleak,” the UN Environment Program wrote in a report released last month. “Countries collectively failed to stop the growth in global GHG emissions, meaning that deeper and faster cuts are now required.” Scientists say that global emissions need to fall by roughly half by 2030, which, given the trajectory and the entrenched interests at play, hardly seems fathomable. . . . .
https://oilprice.com/The-Environment/Global-Warming/What-To-Expect-From-The-European-Green-New-Deal.html

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