After an almost two-year hiatus, the German government plans to revive subsidies for electric vehicles (EVs) in January 2026, aligning with many other European nations in subsidising EVs. The package, expected to total around EUR3 billion (~$3.3 billion), will be funded through the federal Climate & Transformation Fund and the EU’s Social Climate Fund. How will the support […]
> Benchmark has tracked over $50 billion of energy transition funding, throughout 2025 in its Energy Transition Capital database, with the largest share allocated to the battery supply chain. The role of debt, grants, and equity Debt The EV, battery, and battery materials markets have matured rapidly over the past few years. As a result, debt is playing an increasingly […]
> The mining industry accounted for ~5% of global carbon emissions last year, with roughly half originating from mining vehicles. Electrifying mine sites offers an opportunity for miners to cut emissions while also reducing costs. With 30%–50% of a mine’s energy costs attributed to diesel, replacing internal combustion fleets can deliver significant savings. “Mining electrification is […]
> California has led the way in the electrification of the US’ vehicle market with one in four of all new vehicle sales in 2024 being an EV, higher than the country-level penetration rate of 10%. As the most populous state, it commands a large proportion of the total vehicle market (11%) but this is dwarfed […]
> Luxury electric vehicle developer, Lucid Motors is headquartered in California but is majority funded by the Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF). The company completed construction of its first manufacturing facility, AMP-1, in Arizona, US in December 2020 and opened a second, knock-down kit facility (AMP-2) in Saudi Arabia in September 2023. […]
> The UK’s EV penetration rate reached 25% of all new passenger car and light duty vehicle sales in 2024, placing it firmly ahead of other major Western automotive markets, such as the US, Germany, and France. But this figure is still a long way behind the adoption of the most advanced regions, particularly China and […]
> Eight Chinese government departments have jointly issued a two-year plan aimed at stabilising the country’s domestic auto sector. The plan sets out more than 60 measures across four areas: boosting demand, strengthening supply chains, optimising the business environment, and deepening cooperation. Targets under the plan include 32.3m vehicle sales (including exports) in 2025, including ~15.5m […]
> Rho Motion, a Benchmark Mineral Intelligence company specialising in EV supply chain research and insights, today reports that 1.7 million electric vehicles were sold globally in August 2025. This includes 1.16 million Battery Electric Vehicles (BEVs) and 0.57 million Plug-in Hybrid Electric Vehicles (PHEVs). Rho Motion Data Manager, Charles Lester, commented: “Global EV sales have […]
> Lithium-ion battery demand is still primarily driven by passenger EVs and the energy storage sector. However, China’s heavy-duty truck segment (16 tonne and above) is showing how this dynamic could shift, with growth in recent years proving exceptionally strong. Between 2023 and 2024, heavy-duty electric truck sales rose 134%. Data from H1 2025 shows the market grew a further 173%, with expansion expected to […]