In order to qualify for the $7,500 tax credit, the Biden administration’s Inflation Reduction Act (IRA) requires a proportion of battery minerals in EVs to be extracted or processed in the US or free-trade partner countries. But a lot of automakers simply aren’t prepared for that requirement.
Electrek spoke with Megan O’Connor, cofounder and CEO of Nth Cycle, a Beverly, Massachusetts-based metals processing tech company, about how her company can help EV manufacturers address this challenge quickly.
Electrek: How will the IRA positively impact the critical mineral supply chain?
Megan O’Connor: The IRA is the most ambitious climate policy we’ve ever seen in the US and arguably one of the more aggressive policies in the world. It provides strong incentives for the usage of critical minerals that are refined or recycled domestically. We’re calling this the new “compliant supply” of minerals like nickel and cobalt.
Unfortunately, there’s not enough compliant supply today to meet the demand for critical minerals in North America to build electric vehicles. From 2024 to 2028, there’s going to be a major imbalance between compliant supply and demand.
There aren’t enough end-of-life EV batteries to allow recycling at a scale that can bridge the gap, and permitting new mines in North America is a five-plus-year process. We need to move quicker and responsibly on new mining opportunities, and look for new existing sources of critical minerals that can be recycled at home.
Electrek: What’s next for the clean energy transition when it comes to domestic mineral supply?
Megan O’Connor: Flexibility in refining is the next key factor in developing a compliant supply of critical minerals at home. Adding flexibility to the quality and consistency of ores and recycled materials that can be refined at home increases our ability to keep mined ores and recycled metals here when they’re currently shipped overseas for processing.
Additionally, most recyclers today focus on processing end-of-life or manufacturing scrap batteries for critical mineral sources. We expect to see companies and technologies go beyond batteries to find other sources of critical minerals already in circulation at home. Growth of new technologies and market expansion will be needed to address the imbalance between compliant supply and demand.
Electrek: How will domestic manufacturers like VW in Tennessee be able to rectify the issue of mineral components not meeting IRA requirements?
Megan O’Connor: By partnering with Nth Cycle, VW would be able to meet compliance in months, not years.
Electrek: How is Nth Cycle helping to meet the IRA requirements in the electrification transition?
Megan O’Connor: Nth Cycle produces a mixed hydroxide precipitate (MHP), which contains nickel and cobalt. Production of MHP through laterite ore refining is growing in popularity as a precursor chemical for battery cathode manufacturers.
However, 81% of today’s MHP supply is refined in Indonesia, by Chinese companies, through a carbon-intensive hydrometallurgy refining process called HPAL (high-pressure acid leaching). This HPAL-based supply of MHP is harmful to the environment, and as a foreign supply, is not a compliant supply of critical minerals for domestic battery manufacturing under the recently passed Inflation Reduction Act.
Nth Cycle customers can have confidence in a domestic supply of MHP that meets compliance standards for EV tax credits under the Inflation Reduction Act while dramatically reducing the carbon footprint of domestic refining.
We can bring additional compliant supply to the market and close the supply/demand gap of 150,000 tonnes of Ni (equivalent to 340 GWh of batteries) over the next five years.
If we were fully deployed right now, Nth could find 100kt tonnes of Ni per year from within the US that isn’t currently being recycled. We estimate a further shortage of at least 50kt of Ni per year.
Our electro-extraction technology is 92% lower emissions than traditional refining processes in mining today and 44% lower emissions than today’s best-in-class recycling technologies. This is third-party verified.
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A couple years ago, my wife started a new job as an elementary school principal. It was an exciting milestone, but it also came with a stressful commute. The school isn’t far – just a few kilometers across the city – but during rush hour, taking the bus often meant sitting in gridlock for 45 minutes. Not exactly the best way to start or end a workday.
So we got her an electric bike.
Not just any e-bike, either. She picked out a sleek little folding model called the Rayvolt Exxite XS. It’s light, stylish, easy to ride, and best of all, it doesn’t take up much space at home or at school.
But here’s the kicker: it only goes 25 km/h (15.5 mph). It doesn’t even have a throttle. You have to pedal it, you know, like a neanderthal.
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And yet… it’s faster than cars. A lot faster.
Her commute now takes about 10 minutes. Maybe 12 minutes if she catches a few red lights. She zips past long lines of idling cars, breezes down bike lanes, and parks right at the school entrance. No searching for a parking space. No waiting for late buses. No moving so slow that you can clearly see a piece of gum stuck on the road. Just hop on and go.
In raw numbers, her commute time has been cut by more than 75%. Now she’s easily traveling 3-4x faster than a car or bus.
And the only thing that changed was swapping four wheels for two – and ditching the idea that the “faster” vehicle is always the one with more horsepower and an extra few thousand kilos to lug around.
She went with something of a sleek-looking e-bike, but anyone could get the same or better performance from a simple, mass-market e-bike like a $999 Lectric XP4, all for a few months of car payments or nearly a year of bus riding. This isn’t expensive stuff. In fact, it’s cheaper, it saves time, and it’s more fun.
In cities choked with traffic, a modest Class 1 e-bike like hers can be 3–4 times faster than driving. Not because it’s a speed machine (it’s not), but because cars are stuck. Stuck behind other cars. Stuck behind buses. Stuck behind the myth that they’re the only real way to get around.
The bike’s other benefits aren’t lost on her either. She gets a bit of exercise every day to help keep her in shape. She gets fresh air. She gets to actually experience our amazing city instead of watching it go by through a window. And she arrives at school with a smile instead of a headache.
At school, she parks in a guarded area. Back home, she can easily take her bike right up to our apartment in the elevator. It’s no muss, no fuss, easy breezy beautiful e-bike girl.
So yeah, I got my wife an e-bike that’s faster than cars. It didn’t take 1,000 watts or some monster battery pack. It just took rethinking what speed really means in a city.
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The new Mercedes GLC EV will showcase a new face (Source: Mercedes-Benz)
The best-selling Mercedes-Benz SUV is going electric, and it’s bringing a new style with it. Mercedes promises the new GLC EV “redefines” the face of the luxury brand. Here’s our first look.
Mercedes previews flashy new face with the GLC EV
We will get our first look at the new electric SUV in a little over a month at the Munich Motor Show. Ahead of its official debut, Mercedes has been hyping the GLC EV up as what could be one of its most important vehicles (EV or gas) to date.
The GLC is already the best-selling Mercedes SUV globally and in the US, but the luxury automaker is promising the electric version will take it to the next level.
“Our new iconic grille is not just a new front for the GLC, it redefines the face of our brand,” according to Gorden Wagener, Mercedes’ chief design boss. Wagener says the new look is “the perfect fusion” of lasting design (and more LED lights) that will be used on upcoming vehicles.
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The new Mercedes GLC EV prototype (Source: Mercedes-Benz)
The new electric GLC will be the first to showcase the new face. Mercedes gave us a sneak peek of it on Monday, revealing the revamped grille design.
When you pass by the iconic three-point star, you know it’s a Mercedes-Benz vehicle. For over 100 years, the chrome grille has been the face of nearly every model.
Mercedes-Benz CEO Ola Källenius with the new GLC EV (Source: Mercedes-Benz)
Although it’s been updated and evolved, this is its most extreme redesign yet. The new grille is bold and wide. Again, you won’t be missing this one when it drives by.
After adopting a more “EV-look” with the closed-off grille in its first-gen electric vehicles, Mercedes is reverting to a more traditional luxury design, similar to that of Cadillac or BMW, with a chunky, wide chrome grille. An illuminated version will also be available, featuring 942 backlit dots.
The new Mercedes GLC EV will showcase a new face (Source: Mercedes-Benz)
Mercedes says the optional high-tech pixel design can even be animated to bring the electric GLC to life.” The iconic star and border of the panel are also illuminated.
The GLC EV is the first of a new family of vehicles that will feature its advanced new MB.OS supercomputer alongside the updated design.
Mercedes GLC EV prototype with EQ Technology testing in Sweden (Source: Mercedes-Benz
Mercedes is also promising an optional new MBUX HYPERSCREEN, “elevates the interior of the new GLC in a way never seen before.” We will get our first official look at the new Mercedes GLC EV on September 7 at the Munich Motor Show.
The luxury automaker says the event will mark the beginning of a new era with its largest product launch yet. In addition to the electric GLC debut, Mercedes will hold the world premiere for the new CLA EV, CLA Shooting Brake, and Concept AMG GT XX. Check back soon for more updates leading up to the event.
What do you think of the new face of Mercedes? Are you a fan? Or should the luxury brand go back to the chalkboard again? Let us know your thoughts in the comments.
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Costco’s EV Marketplace hopes to guide its members through every step of their electrification journey with helpful articles, insights, and resources. The online resource gas just hit its six-month milestone, and to celebrate, they’re rolling out fresh deals on three new Volvo EVs.
“It’s normal to have questions when you’re considering an EV,” reads Costco’s Marketplace copy. “Are EVs safe? How long will my EV last? Can EVs handle harsh weather? We’ve answered these questions and more so you can have peace of mind about living the EV life.”
That’s how it starts, and the Marketplace, true to its word, continues with informational articles about EV incentives (Money Matters), charging FAQs (All About Charging), the differences between hybrids, PHEVS, and EREVs (Hybrids and PHEVs), and Expert Perspectives on topics like autonomous driving and buying usd EVs.
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It’s pretty basic stuff, and you’d probably get a lot more nuanced and useful real-world takes on the hows and whys of fitting an EV into your everyday life by reading the comments on Electrek, but the Costco site passes the Jo Borrás Father-In-Law Test™: it’s easy, accessible, and does everything it can to avoid taking any sort of environmental or political stand.
And, best of all, it neatly organizes all the different GM EVs eligible for Costco member discounts. And, now through September, that list includes a (returning) trio of all-electric Volvo models: the EX90, EX40, and Electrek EV of the year for 2024, the Volvo EX30.
Check out the deals, below, and click on the Make/Model names to find more discounts and deals on new EVs in inventory near you.
Costco members only Volvo deals
Volvo EX30, via Volvo.
Volvo EX90 $ 1,500 incentive for Gold Star & Business members $ 2,000 incentive for Executive members
Volvo EX40 $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Volvo EX30 $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Costco members only GM deals
2024 Chevy Blazer EV RS, via GM.
Chevrolet Blazer EV $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Chevrolet Equinox EV $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Chevrolet Silverado EV $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
GMC Sierra EV $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
GMC Hummer EV $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Cadillac OPTIQ $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Cadillac VISTIQ $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
Cadillac ESCALADE IQ $ 1,000 incentive for Gold Star & Business members $ 1,250 incentive for Executive members
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