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German auto stimulus to accelerate the transition to electric vehicles

“Germany has become the second major European economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen and Tesla, while polluting SUVs face higher taxes.” The country has effectively doubled electric car subsidies, lowered the associated VAT, and rejected an auto industry request to incentivise …

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Carmakers facing ‘critical’ shortage of battery materials

“The COVID-19 pandemic may have dampened demand for electric vehicles and associated raw materials in the near term, but “critical” supply issues and wild price volatility loom once normality returns, according to Benchmark Mineral Intelligence head of price assessments Caspar Rawles.” This article is for MiningNews subscribers only. To read the full article, click here …

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France deploys $8.8 billion to rescue ailing car industry

In addition to Europe’s recent historic pledge for green recovery, France has announced their commitments to dominate Europe’s EV sector. “Starting next week, consumers can get up to 12,000 euros from the government for buying an electric car” under new plan unveiled by the French President. To read the full article, click here

The EU is launching the world’s greenest coronavirus recovery plan

Positive news for the lithium ion battery sector as Europe accelerates the sector’s growth with “a new proposal to pour hundreds of billions of euros into new renewable energy, clean transportation, building renovation, and other programs designed to help Europe shrink its carbon footprint.” To read the full article, click here

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