Roger keeps tabs on the Japanese auto industry, specializing in coverage of manufacturing and advanced technology.Author.FollowAnalystText
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Jim Nebergall, general manager of the hydrogen-engine business at Cummins, sees hydrogen-fueled engines as a good short- and medium-term solution to decarbonizing the long-haul, heavy-duty truck market.
Battery expert John Warner signals high hopes for solid-state technology, says battery cost targets are in sight, questions Toyota’s less-aggressive approach to BEVs and frets about America’s spotty battery-supply chain.
Analysts say suppliers are ramping up battery capacity and making other strategic investments as demand for battery-electric vehicles hits new highs in 2021.
The agency expects to allocate about $6 billion – to be matched by industry – to developing infrastructure, from mining and processing core battery components to recycling.
As the Biden Admin. advances into its second 100 days and already is running into roadblocks with its infrastructure plan, the U.S. finds itself so far behind China in batteries that anything which might disrupt trade between the two countries could slow if not derail the U.S. economic recovery.
John Moore, CEO of Bloomberg New Energy Finance, predicts renewables will comprise 69% of global power generation by 2050 and, to reach that level, will require nearly $29 trillion in investments in power generation, batteries and the power grid.