Carmakers plan $515 billion EV investment

The drive towards electric vehicles is gaining speed, with global automakers planning to spend more than half a trillion dollars on electric vehicles and batteries

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Chip shortages and electric transformation put traditional carmakers under pressure | DW News

Toyota is lowering its planned global output in November by up to 15 Percent – or 150,000 cars. That’s because of a shortage of semiconductors and the power crunch in China. The Japanese automaker has already cut production for September and October by 40% as the resurgence of COVID-19 infections in Southeast Asia disrupts the supply chain for auto parts. Toyota says it’s maintaining its global production forecast for the year to March at 9 million vehicles despite the latest output cuts.

meanwhile German carmaker Volkswagen has to be more efficient in shifting to the production of all-electric cars, if it wants to be on a par with Tesla. Will it have to shed many jobs to compete budget excesses.

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Production cuts and market losses: Carmakers struggle with lasting chip shortage | DW News

Car makers say soaring demand for chips means the auto industry could struggle to source enough of them throughout next year and into 2023 – even until 2024. The shortage has been worsened by the move to electric vehicles, which use a lot more chips than traditional vehicles. Raw materials, too — silicon is experiencing shortages and there are also problems sourcing lithium, plastics and steel. It’s eating into sales. Volkswagen CEO Herbert Diess says the company has lost market share in China as a result of the problem.

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Electric batteries, fuel cells, hydrogen fuel: Carmakers look for energy solutions | DW News

No car manufacturer can avoid electromobility. After long start-up difficulties, everyone has made this a priority. In order to achieve the climate protection goals (see the occasion today) and not least because China, the important car sales market, is demanding more electrical outlets. Batteries are needed for e-cars. However, their production is currently still dominated by Asian companies that do not necessarily build cars. In view of the rapidly growing e-fleets, some car manufacturers want to take this into their own hands
At the same time the demand for green hydrogen will skyrocket in the next few years. This requires a lot of green electricity, for example from wind turbines. But the expansion of onshore wind farms is only progressing slowly. And at the same time, functional wind turbines are even being demolished.
Where will the electricity come from to switch to green hydrogen?

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