Critical Minerals and Energy Intelligence

EV Market Highlights for Q3

Here are the top highlights for Q3 in the EV market.

  • Inflation Reduction Act Shakes Up EV Policy in the U.S.: The U.S. passed its Inflation Reduction Act, which included revamped federal EV tax credits with stricter sourcing requirements for critical minerals and battery components. See my earlier article on this last month.
  • Tesla Delivers First Semi Trucks: Tesla finally announced it would begin deliveries by year-end. PepsiCo is expected to receive the first batch.
  • BYD Overtakes Tesla in Global EV Sales: China’s BYD had a massive Q3, selling over 538,000 plug-in vehicles. While Tesla still leads in all-electric (BEV) sales, BYD’s blend of BEVs and PHEVs gave it the overall score.
  • California Bans New Gas Cars by 2035: The California Air Resources Board formalized its plan to end sales of new gasoline-powered cars by 2035.
  • VW Opens First U.S. Battery Lab: Volkswagen inaugurated its first EV battery engineering lab in the U.S., located in Chattanooga, Tennessee.
  • CATL Unveils 1,000-Km “Qilin” Battery: China’s battery giant CATL introduced the “Qilin” battery, claiming a single-charge range of up to 1,000 kilometers.
  • Ford Splits EV and Legacy Units: In a bold restructuring, Ford announced it would operate its EV business (Model e) separately from its internal combustion division.
  • India Pushes Forward with EV Incentives: India’s federal and state governments kept up the momentum with FAME II incentives and new battery-swapping policies.
  • Battery Metals Had Some Big Pricing Periods: Nickel, lithium, and cobalt prices stayed volatile through Q3, driven by tight supply and strong demand.

Anthony Milewski

Chairman, Nickel 28 Capital

Disclaimer

The Oregon Group maintains full editorial control over all content published on this website. While sponsored and advertised placements may be featured, the content remains the sole opinion of The Oregon Group. The author may receive compensation or remuneration for providing content, but all statements and expressions are made independently and are not influenced by sponsors or advertisers. From time to time, The Oregon Group and its directors, officers, partners, employees, authors, or members of their families, as well as persons who are interviewed for articles on this website, may have a long or short position in securities or commodities mentioned and may make purchases and/or sales of those securities or commodities in the open market or otherwise. By accessing and using this website, readers are cautioned to assume that each of the foregoing persons may have a financial interest in all companies and sectors mentioned on this website. Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable., and any such statements are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.  Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities or commodities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and The Oregon Group undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material. The information provided on this website is for informational purposes only and is not, directly or indirectly, an offer, solicitation of an offer and/or a recommendation to buy or sell any security or commodity, and the information provided on this website should not be construed as any advice or an opinion as to the price at which the securities of any company or commodity may trade at any time. The Oregon Group is a publisher of financial information, not an investment advisor.  We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient, and the information provided on this website is not and should not be construed as personal, financial, investment or professional advice. Readers are cautioned to always do their own research and review of publicly available information and to consult their professional and registered advisors before purchasing or selling any securities or commodities and should not rely on the information contained herein. Neither The Oregon Group nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.

Share this article

about the author

Picture of The Oregon Group

The Oregon Group

The Oregon Group is an investment research team focused on critical minerals, mining, energy and geopolitics.

Our Podcast

Tags

Subscribe Now

Subscribe and get market and industry trends delivered to you in real-time.

SUBSCRIBE FOR INVESTMENT INSIGHTS

Welcome to The Oregon Group, an investment research team focused on critical minerals, mining, energy and geopolitics.

Our independent capital markets experts are sharing their boardroom expertise and institutional experience to help you profit and hedge your investment exposure during this time of unmissable opportunity.