Lithium Americas Corp soars on California’s push toward electric vehicles

  • NYSE:LAC has stabilized around $15 after last week’s late surge. 
  • Lithium Americas Corp is benefiting from California’s drive toward electric cars. 
  • The firm’s sky-high predictions also boost the stock price.

California paves the way forward – whether for privacy regulations or for vehicles. The Golden State, which is the home of Silicon Valley, announced a ban on vehicles running on combustible engines by 2035. The goal is to push forward the usage of electric cars, which do not directly pollute the air.

EVs run on batteries, and the most significant component is lithium – and that is where Lithium Americas Corp comes into play. California Governor Gavin Newsom announced the ban on September 23, and that marks the low point for NYSE: LAC shares. 

Since then, it has been on the rise, accelerating its gains in recent days. 

Another positive factor boosting the firm is its own rosy predictions.

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Government incentives push electric car sales to record high in Germany

Volkswagen's ID4, the brand's first electric SUV, on show in Saxony, Dresden, Germany, on 23 September. Photo: Robert Michael/Picture Alliance via Getty
Volkswagen’s ID4, the brand’s first electric SUV, on show in Saxony, Dresden, Germany, on 23 September. Photo: Robert Michael/Picture Alliance via Getty

The shift to electric cars is gaining momentum in Germany, thanks in large part to government-backed incentives that are encouraging buyers to make the switch to electric and hybrid vehicles.

Figures published by Germany’s Federal Motor Transport Authority on Monday show registrations of new all-electric vehicles (BEVs) have risen by 260% in September, from the same month in 2019, to 21,188. These now account for an 8% share of the overall car market.

Hybrids make up just over 20% of the passenger-car market, with registrations up 185% last month from the previous September.

As part of its coronavirus stimulus package, the German government decided not to fund discounts on fossil-fuel cars or back a cash-for-clunkers scheme, but rather to support the switch to clean mobility by doubling subsidies

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Car industry leaders exaggerating poor sales performance to push for incentives, believe experts

Car industry experts have hit back at a leading trade body’s negativity towards September’s new car registrations, claiming the outlook is actually positive.

The Society of Motor Manufacturers and Traders (SMMT) today revealed just 328,000 cars were registered last month, down 4.4 per cent on the same month last year.

SMMT chief executive Mike Hawes pointed to the fact last month was the ‘poorest September since the two-plate system was introduced in 1999’, adding: “Unless the pandemic is controlled and economy-wide consumer and business confidence rebuilt, the short-term future looks very challenging indeed.”

However, industry experts believe the figures were actually positive for the motor trade and believe they have been positioned negatively to help the SMMT make a case for new car sales incentives.

James Baggott, founder of Car Dealer Magazine, said: “While overall sales may be down, it’s not bad news at all.

“Dealers are selling more cars

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Exclusive: India plans $4.6 billion in incentives for battery makers in electric vehicle push- document

NEW DELHI (Reuters) – India plans to offer $4.6 billion (3.6 billion pounds) in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

FILE PHOTO: Tata Motors’ electric sport-utility vehicle Nexon EV is displayed during its launch in Mumbai, India, January 28, 2020. REUTERS/Hemanshi Kamani/File Photo

A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted.

The proposal is likely to be reviewed by Modi’s cabinet in the coming weeks, said a senior government official, who was not authorised to comment on the matter and declined to be identified. NITI Aayog and

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Exclusive: India plans $4.6 billion in incentives for battery makers in electric vehicle push – document

NEW DELHI (Reuters) – India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

FILE PHOTO: Tata Motors’ electric sport-utility vehicle Nexon EV is displayed during its launch in Mumbai, India, January 28, 2020. REUTERS/Hemanshi Kamani/File Photo

A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted.

The proposal is likely to be reviewed by Modi’s cabinet in the coming weeks, said a senior government official, who was not authorised to comment on the matter and declined to be identified. NITI Aayog and the Indian government

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Exclusive: India Plans $4.6 Billion in Incentives for Battery Makers in Electric Vehicle Push – Document | Investing News

By Neha Arora and Aftab Ahmed

NEW DELHI (Reuters) – India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted.

The proposal is likely to be reviewed by Modi’s cabinet in the coming weeks, said a senior government official, who was not authorised to comment on the matter and declined to be identified. NITI Aayog and the Indian government did not respond to requests for comment.

The think tank recommended incentives of $4.6 billion by 2030 for companies manufacturing advanced batteries,

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EXCLUSIVE-India plans $4.6 bln in incentives for battery makers in electric vehicle push -document

By Neha Arora and Aftab Ahmed

NEW DELHI, Sept 25 (Reuters)India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted.

The proposal is likely to be reviewed by Modi’s cabinet in the coming weeks, said a senior government official, who was not authorised to comment on the matter and declined to be identified. NITI Aayog and the Indian government did not respond to requests for comment.

The think tank recommended incentives of $4.6 billion by 2030 for companies

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‘Festive season to push auto sales but disproportionate billings may lead to stress for dealers’

Although festive season demand may provide some temporary relief to the auto industry in the next two-three months, the continued disproportionate wholesale billings by original equipment manufacturers could lead to increased stress for dealers if uptake is lower than expected, according to a report.

 In its latest report on the auto sector, India Ratings and Research (Ind-Ra) on Friday said retail sales are likely to continue to lag behind wholesale sales in September 2020 although the sector has reported a month-on-month rise in sales over May-August 2020 after the washout in April.

“After an above-average acreage backed by adequate monsoon, the prospects of a robust kharif harvest have original equipment manufacturers (OEMs) hoping for a retail demand revival from the rural side during the upcoming festive season,” the ratings agency said in a statement. It added that sales are likely to remain sluggish in September, especially on the retail side,

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Tesla offers extra Supercharging miles to help deliver cars in end-of-the-quarter push

Tesla is offering extra free Supercharging miles to help deliver cars as part of its end-of-the-quarter push.

As we reported earlier this week, Elon Musk told employees that a record quarter for deliveries is achievable if they push hard during the last week.

The CEO said that Tesla employees should consider “vehicle deliveries to be the absolute top priority” until the end of the quarter.

Occasionally, Tesla has put in place incentives at the end of the quarter in order to incentivize people to take delivery faster.

Now Electrek has learned from sources familiar with the matter that Tesla has authorized sales staff to give an extra 1,000 free Supercharging miles, on top of the free Supercharging miles from the referral program if they used a referral code, for people taking delivery by September 27th.

Interestingly, Tesla doesn’t seem to have a problem with orders and instead, it’s more about

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