Focus on International New Energy EV charging

• Germany:

The European Commission has approved a €902 million German measure to support Northvolt in the construction of a plant for the production of batteries for electric vehicles to foster the transition towards a net-zero economy.

This translates to 800,000 to 1 million electric vehicles per year, depending on the size of the battery, which is key to accelerating the green transition and reducing fuel dependencies. ----8th Jan, 2024

• America:

The Biden administration in the United States has opened applications for a $2.5 billion funding program to expand electric vehicle charging and alternative fuel infrastructure in urban and rural areas of the United States.

According to NEVI policy requirements, by July 2024, 55% of the total cost of charging stations must come from American-made parts.

Ten states have passed ZEV mandates through special legal authority in California's Clean Air Act.

• England:

SMMT predicts that the UK new car market will reach 1.97 million units in 2024, including 439,000 pure electric vehicles, with a market share of 22.3%.

UK government passes ZEV mandate into law

The mandate details the government’s goal to ban 100% of internal combustion engine (ICE) vehicle sales by 2035, propelling Britain through the electric transition.

Lack of charging infrastructure a cause for concern

A potential pitfall for Britain’s electric future is a lack of charging infrastructure for the upcoming surge in EV usage. As revealed through research by the RAC, the government missed its 2023 goal of installing at least six rapid or ultra-rapid charging stations at every motorway service station in England by over 60%.

To power the world better, Maxwell has always been committed to reliable, high-performance, high-quality charging module, Power modules.