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    India revises EV policy to attract new global players, accelerate investments
    The Union Government of India has approved a new electric vehicle policy aimed at attracting global EV makers to invest in India (the world’s third-largest automobile market), build local manufacturing facilities and increase localization of critical components, according to a press note issued by the Indian Ministry of Commerce and Industry on March 15. The new scheme to accelerate investments in the emerging EV domain is aligned with the central government’s Make in India initiativ...
    EU, Norway sign strategic partnership on EV battery supply chain, critical materials
    The European Union and the Kingdom of Norway have signed a memorandum of understanding (MoU) to launch a strategic partnership to develop sustainable land-based raw materials and battery value chains, the European Commission announced in a press note March 21. The MoU between the EU and Norway is being seen an important building block of the EU-Norway Green Alliance, as announced by European Commission President Ursula von der Leyen and Prime Minister of Norway Jonas Gahr Støre in April 2023...
    Intel and US administration announces up to $8.5 billion in direct funding under CHIPS Act
    In a press release on March 20, the US administration has announced that Intel and the US Commerce Department have signed a non-binding preliminary memorandum of terms (PMT) for up to $8.5 billion in direct funding to Intel for commercial semiconductor projects under the CHIPS and Science Act. The CHIPS Act funding aims to increase US semiconductor manufacturing and research and development capabilities, especially in leading-edge semiconductors. Intel is the only US company that both de...
    European Parliament votes in favor of the Euro 7 emission norms
    The European Parliament has given a green light to the implementation of the stricter Euro 7 emission standards for passenger cars, vans, buses, trucks and trailers, the European Parliament announced March 14. The immediate next step includes a formal approval from the European Council before the Euro 7 emission standards enter into force. The Euro 7 norms are slated for implementation across Europe from July 1, 2025, for new light-duty vehicles and July 1, 2027, for new heavy-duty ve...
    Advanced Propulsion Center UK announces £35.7 million in new grant to support zero-emission projects
    The Advanced Propulsion Centre UK (APC), which works as a bridge between the UK government and the automotive industry, has announced the latest round of government and industry funding for zero-tailpipe-emission vehicle technologies. In a press note issued on March 4, APC said that a government grant of £35.7 million will be granted to the new collaborative projects that bring together companies developing key zero-emission technologies, including power electronics and electric drive units (ED...
    US government to invest $17 million to strengthen country’s critical minerals supply chain
    The US Energy Department (DOE) has earmarked government grants of over $17 million for three projects that aim to support the design and construction of facilities that produce rare earth elements, and other critical minerals and materials from coal-based resources, the DOE said in an announcement on Feb. 15. The selected projects, funded by the Bipartisan Infrastructure Law, are expected to strengthen domestic supply chains, helping to meet the growing demand for critical minerals and materi...
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