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AD #3705 - Milestone: U.S. EV Sales Top 1 Million; EVs Reducing Global Oil Demand; VW Adds Bi-Directional Charging

AD #3705 - Milestone: U.S. EV Sales Top 1 Million; EVs Reducing Global Oil Demand; VW Adds Bi-Directional Charging

Autoline Daily Dec 06, 2023 9 min
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About this episode

U.S. electric vehicle sales have surpassed one million units in under a year, growing four times faster than the overall market. This surge is impacting global oil demand, with EVs expected to reduce consumption by five million barrels per day by 2030. The episode covers tightening U.S. EV tax credit rules, challenges in domestic battery material mining, and shifts in corporate work policies at GM and Lamborghini. Neo plans to outsource battery production, Bosch is integrating generative AI in manufacturing, and Volkswagen introduces bi-directional charging for its EVs in Europe, enabling vehicle-to-home and future grid power capabilities.

Topics: us ev sales milestone global oil demand reduction ev tax credit changes battery material mining challenges corporate work policies neo battery outsourcing bosch generative ai in manufacturing volkswagen bidirectional charging energy storage from used batteries ev market growth
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