Jasmine Crane works as part of our Energy team, sourcing clean energy and sustainability giants with top-tier talent across the US. Recently, she started her newsletter ‘Current Affairs!’ – a biweekly deep dive into the world of clean energy—exploring everything from energy storage systems to electric vehicles, battery tech, and future mobility. In this edition, Jasmine focuses on the trends we can expect this year, from companies leading the space.

 

 

Automotive sector: Navigating policy shifts

President Trump’s inauguration on January 20, 2025, has introduced significant policy changes impacting the automotive industry. The administration’s focus on bolstering domestic manufacturing and expanding oil and gas production introduces new dynamics for electric vehicle (EV) manufacturers. The potential rollback of EV incentives and the imposition of tariffs on automotive imports from countries like China, Mexico, and Canada could reshape supply chains and market strategies.

Key players to watch:

  • Tesla: As a leader in the EV market, Tesla faces challenges with the potential rollback of federal tax credits for EV purchases and the revocation of the 2021 executive order promoting electric vehicles. These policy changes could impact consumer demand and Tesla’s growth trajectory.
  • General Motors: GM’s stock rose by 2.4% following President Trump’s inauguration, reaching $52.19. Analyst Edison Yu of Deutsche Bank upgraded GM’s rating to “Buy” and set a price target of $60, citing movements in China, restructuring of the autonomous driving division “Cruise,” and aggressive share repurchase programs. Additionally, Trump’s promise to revoke the EV mandate and terminate the “Green New Deal” could relax EPA emission standards and eliminate the federal tax credit for EV purchases, potentially benefiting GM and Ford in the short term by reducing pressure on their profit margins.
  • Rivian: An American electric vehicle manufacturer focusing on adventure-oriented EVs, Rivian has garnered attention with its R1T pickup truck and R1S SUV. The company aims to produce 100,000 electric delivery vans for Amazon by 2030, marking a significant step in electrifying commercial fleets.
  • Lucid Motors: Specializing in luxury electric vehicles, Lucid Motors has introduced the Lucid Air sedan, offering high performance and long-range capabilities. The company plans to expand its production capacity to meet growing demand in the luxury EV market.


Aerospace and future mobility: Accelerating innovation

Despite potential policy shifts, the aerospace sector continues to innovate, particularly in electric vertical take-off and landing (eVTOL) aircraft. Companies are pushing forward with sustainable aviation solutions, recognizing the long-term benefits and market demand for cleaner transportation options.

Notable innovators:

  • Joby Aviation: Joby Aviation is advancing the development of eVTOL aircraft, aiming to revolutionize urban air mobility with zero-emission aircraft. The company has secured significant investments and partnerships to accelerate its development timeline. Joby plans to launch commercial operations by the end of 2025, starting in Dubai due to accelerated certification by the local regulator. The eVTOL aircraft, which can carry four passengers and a pilot at speeds up to 200 mph for a range of 100 miles, has completed thousands of test flights.
  • Archer: Archer Aviation is focused on creating electric aircraft for urban air mobility, with plans to launch commercial operations in the near future. The company has received substantial funding to support its ambitious goals.
  • BETA TECHNOLOGIES: Based in Vermont, BETA Technologies is developing the ALIA-250 eVTOL aircraft, designed for cargo and passenger transport. The company has secured significant funding to advance its development and aims to begin commercial operations in the near future.
  • Lilium: A German aerospace company developing an all-electric, vertical take-off and landing (eVTOL) aircraft, Lilium aims to provide sustainable and efficient air travel solutions. The company has completed successful test flights and plans to launch commercial operations in the near future.

 

electric vehicle

 

Charging infrastructure: Adapting to new realities

The expansion of EV charging infrastructure may encounter hurdles due to the administration’s emphasis on fossil fuels. However, the private sector’s commitment to clean energy solutions remains strong, with companies continuing to invest in charging networks to meet the growing demand for EVs.

Leading the charge:

  • ChargePoint: ChargePoint operates one of the largest networks of independently owned EV charging stations, providing comprehensive charging solutions across various regions. The company continues to expand its network to accommodate the increasing number of EVs on the road.
  • EVgo: EVgo is a leading public fast-charging network for electric vehicles, offering fast and convenient charging solutions to support the adoption of EVs. The company is investing in expanding its charging infrastructure to meet growing demand.
  • Blink Charging: Blink Charging is a leading owner, operator, and provider of EV charging equipment and networked EV charging services. The company offers a comprehensive range of charging solutions, including Level 2 and DC fast chargers, catering to both residential and commercial needs.
  • Voltpost: Voltpost retrofits lampposts into modular Level 2 EV charging platforms, offering a cost-effective and efficient solution for urban areas. This innovative approach reduces installation costs and time, making EV charging more accessible in high-density regions.

 

Battery technology and energy storage: Powering the future

Advancements in battery technology and energy storage systems are crucial for the clean energy transition. Despite potential policy challenges, the sector is experiencing significant growth, driven by technological innovation and market demand.

Pioneering companies:

  • QuantumScape: QuantumScape is developing solid-state rechargeable lithium metal batteries for electric cars. The company has secured significant investments, including a partnership with Volkswagen, to accelerate its development and production plans. QuantumScape aims to revolutionize battery technology by providing higher energy density and faster charging times compared to traditional lithium-ion batteries.
  • Fluence: Fluence Energy specializes in energy storage technology and services, offering solutions for grid-scale energy storage. The company focuses on enhancing the reliability and efficiency of renewable energy integration into the power grid.

Emerging startups

  • ElectraLith: ElectraLith, a Melbourne-based lithium technology startup, has secured approximately $17 million in Series A funding to test a new process for producing low-cost, battery-grade lithium hydroxide from non-traditional sources. This technology aims to reduce U.S. dependency on China’s lithium refining. The company plans to set up pilot plants, including one at Rio Tinto’s Rincon lithium operation in Argentina.
  • Adden Energy: Adden Energy has developed a new multilayer sandwich model for thin-film batteries, aiming to enhance energy density and safety. The company has secured seed funding of $5.2 million to advance its technology.

 

Why this matters:

President Trump’s declaration of a national energy emergency to accelerate oil and gas projects signals a shift in federal energy policy. This move may impact the clean energy sector by altering incentives and regulatory landscapes. However, the resilience and innovation within the industry suggest that the momentum toward sustainable energy solutions will continue, driven by market forces, technological advancements, and consumer demand.

 

 

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