Remove 2030 Remove Indonesia Remove Manufacturing Remove Sourcing
article thumbnail

How the Inflation Reduction Act’s EV Tax Credit Will Reshape Supply Chains

QAD

The automotive industry is undergoing a massive technological transformation toward vehicle electrification and the shift presents huge opportunities for manufacturers that do business in the US, especially since the passage of the Inflation Reduction Act in August 2022. What’s in the Inflation Reduction Act’s New Clean Vehicle Credit?

article thumbnail

Commodities Used in Electric Car Batteries: An Update on Lithium and Nickel

Resilinc

And importantly, The EU’s new series of proposed targets and reforms, contained in its Green Deal Industrial Plan, aims to ensure that at least 40% of the EU’s low-carbon technologies will be made within its borders by 2030. from 2023 to 2030. billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 6.6%

Alloy 58
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trends 2021: Megatrends, Part Two

Enterra Insights

Most analysts believe the future looks bright for renewable energy sources. This means that ever-more of our energy system can become less reliant on traditional sources such as coal, oil, and natural gas, thereby reducing greenhouse gases in the atmosphere.”[3] ”[4]. ”[8]. New business models.

Trends 100
article thumbnail

The reality of green energy: “green metal” supply chains won’t be able to keep up

NC State SCRC

What will happen to those manufacturers that can’t or won’t convert? The IEA predicts about a seven fold increase of such “green metals” by 2030. Copper and nickel would require $250-300bn in capex before 2030. They go out of business? And is there enough capacity to produce the new types of vehicles?

article thumbnail

Tesla’s Audacious Growth Plans Unveiled Including New Production Plant

Supply Chain Matters

Investor Event and Master Plan 3 Tesla conducted is annual investor event this week at its Austin, Texas facilities and unveiled “ Master Plan Part 3 ” which aims toward becoming the largest automaker by volume by 2030. That equates to the ability to produce and sell 20 million vehicles globally. Tesla sold and delivered upwards of 1.3

article thumbnail

How Southeast Asian manufacturers can use ERP to realign the supply chain

SYSPRO Smarter ERP

For decades, ASEAN manufacturing, once seen as a global phenomenon, had been overshadowed by the meteoric rise of Chinese factories. percent of global manufacturing output and was regarded as the world’s manufacturing superpower. Building manufacturing opportunities from the ground up. In 2019, China accounted for 28.7