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New Request for Proposals and Tools to Deploy Thousands More EV Chargers Across Canada

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OTTAWA, ON, July 2, 2024 /CNW/ – From coast to coast to coast, Canadians are saving thousands of dollars a year on gas by rapidly making the switch to electric vehicles, with over 320,000 new electric vehicles registered in 2023 alone. The Government of Canada is taking action to make it more affordable for Canadians to purchase, charge and drive electric vehicles (EVs) across the country while driving toward a net-zero future, including by making it easier to access public EV charging through historic direct investments, research and partnerships with the private sector and other levels of government.

Funding and Request for Proposals

To advance these efforts, today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, launched a new request for proposals (RFP) under the Zero Emission Vehicle Infrastructure Program (ZEVIP). The RFP will support the deployment of EV chargers, including fast chargers, in public places across Canada such as highways and public lots. The RFP will also support the deployment of chargers at private locations, including multi-unit residential buildings, workplaces and where on-road vehicle fleets are serviced. Applications will be accepted until September 19, 2024.

This funding will deploy thousands of new chargers across Canada, building on the Government of Canada’s progress to deploy 84,500 EV chargers across Canada, including through ZEVIP, the Canada Infrastructure Bank (CIB)’s Charging and Hydrogen Refuelling Infrastructure Initiative, and incentive credits under both the Electric Vehicle Availability Standard and the Clean Fuel Regulations

In addition to investments by provinces, territories, municipalities and the private sector, the federal government has supported approximately 20% of the nearly 30,000 public chargers that are operating in Canada. As a result, there were 70 percent more EV chargers in Canada in 2023 than in 2022, with thousands more on the way each year.

Supporting Deployment Through Tools and Research

Today, Natural Resources Canada released  Electric Vehicle Charging Infrastructure for Canada: Updated forecasts of vehicle charging needs, grid impacts and cost for all vehicle segments (2024 EV Charging Needs Report).The independently produced report assesses the country’s charging landscape, guides decision-making and informs investment needs, including by provinces, territories, municipal governments and the private sector.

The 2024 EV Charging Needs Report provides a detailed regional analysis of public and private charging needs for both light-duty vehicles and medium- and heavy-duty vehicles, together with related grid readiness requirements and investments. The report highlights that a coordinated effort is needed from all levels of government, industry, utilities and other private-sector stakeholders to continue to accelerate deployment.

Additionally, to help investors, stakeholders, provinces, territories and communities determine the most suitable locations for chargers, the Government of Canada has developed the National Public EV Charging Planning Map.

These evidence-based tools will support the deployment of chargers in the areas with the greatest public charging need, including along routes, highways and communities.

Canadians are making the switch to electric vehicles, reducing their energy costs while driving down emissions. The Government of Canada will continue to support them in accelerating toward a prosperous, net-zero future, including by ensuring all new passenger vehicles sold in Canada are zero-emission by 2035; by supporting the deployment of public charging stations across the country; and by building out a Canadian-made electric vehicle supply chain that creates sustainable, good-paying jobs for Canadian workers.

Quotes

“Canadians are making the switch to EVs because it’s a great way to save money while ensuring clean air in our communities and fighting climate change. We’re making electric vehicles more affordable and charging more available where Canadians live, work, travel and play. Today, we launched another funding request for proposals via the Zero Emission Vehicle Infrastructure Program, which will help deploy thousands more chargers across Canada. This will put more Canadians in the driver’s seat on the road to a prosperous net-zero future.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“Hundreds of thousands of Canadians are making the switch to an EV every year. They expect access to convenient, affordable and reliable charging — including in public spaces. Today’s call for proposals does that by investing in thousands more chargers and equipping the private sector and governments with the tools they need to deploy more chargers, faster.”

Julie Dabrusin
Parliamentary Secretary to the Minister of Energy and Natural Resources and
to the Minister of Environment and Climate Change

Quick Facts

The federal government’s investment in EV charging infrastructure is supporting Canadians by reducing barriers to EV adoption while spurring investment and growth across Canada’s EV supply chain, including through Transport Canada’s Incentives for Zero-Emission Vehicles Program (iZEV), which makes zero-emission vehicles more affordable for Canadians and has received another $1.7 billion in Budget 2022; and,Budget 2024 announces the government’s intention to introduce a new 10-percent Electric Vehicle Supply Chain investment tax credit on the cost of buildings used in key segments of the electric vehicle supply chain for businesses that invest in Canada across three supply chain segments:electric vehicle assembly;electric vehicle battery production; and,cathode active material production.The Strategic Innovation Fund (SIF) has made significant strides in the automotive and battery sector in recent years. Since 2017, the Fund has announced over $5.5 billion in funding toward the automotive and battery sector, of which approximately $5.3 billion has been directly in support of the EV transition.These investments include projects focused on producing battery materials, battery components and packs and on manufacturing EVs and developing vehicle components specific to low-carbon transportation (e.g., next-generation tires).Investing $3.8 billion in the mining, processing and recycling of critical minerals,Since 2016, the Government of Canada has allocated over $1.2 billion in funding to support the deployment of electric vehicle charging stations across the country.Since 2019, a total of over 40,000 EV chargers (Level 2 and Level 3) have been supported by ZEVIP.The 2024 EV Charging Needs Report provides an update to a 2022 NRCan-commissioned study, Updated Projections of Canada’s Public Charging Infrastructure Needs, based on changing trends in the EV market, charger utilization and assessment methodologies.As noted in the report, “The results are intended to support the Government of Canada — as well as provincial and municipal governments, utilities and other stakeholders — in planning to ensure that sufficient charging infrastructure will be deployed to support Canada’s targets”As of May 2024, NRCan’s infrastructure programs and the Canadian Infrastructure Bank’s Charging and Hydrogen Refueling Infrastructure Initiative had already committed funds for the installation of over 46,000 chargers across the country, with more than 14,000 of these federally funded chargers already in operation.EV charger deployment has seen significant growth: an average of 45 percent annually since 2016 and a jump to 72-percent growth between 2022 and 2023.With Budget 2023, the Government of Canada has now committed more than $40 billion to support Canada’s clean electricity sector, including related grid updates for EV charging infrastructure.This significant investment is building an EV charging network for Canadians, and we continue to work with all levels of government, industry, utilities and other private sector stakeholders to further accelerate deployment.

Related Information

Zero-Emission Vehicle Infrastructure ProgramThe Canadian Infrastructure Bank (CIB) Charging and Hydrogen Refuelling Infrastructure Initiative (CHRII)2030 Emissions Reduction Plan: Clean Air, Strong EconomyElectric Charging and Alternative Fuelling Stations LocatorZero-emission vehicles: IncentivesBuilding a green economy: Government of Canada to require 100% of car and passenger truck sales be zero-emission by 2035 in Canada

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SOURCE Natural Resources Canada

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BingX Introduces ALTCOIN Index Futures Trading: One Click, Countless Trends

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VILNIUS, Lithuania, Dec. 27, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of ALTCOIN Index, the first futures trading pair involving top altcoins. This innovative trading product offers users a one-click solution to efficiently track and trade major cryptocurrency trends with ease.

Traditionally used in stock markets, a futures index is a financial derivative that tracks the performance of a group of assets, such as stocks of commodities. These instruments were first introduced to simplify trading by allowing investors to speculate on or hedge against the collective movements of selected market sectors. Instead of purchasing individual stocks, traders are able to access broad market exposure in a single transaction, saving time and reducing costs.

In the cryptocurrency market, this new ALTCOIN/USDT futures trading pair works similarly by bundling the performance of the top mainstream cryptocurrencies by market capitalization, excluding Bitcoin (BTC) and stablecoins. The current index includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach is more efficient compared to buying individual cryptocurrencies or ETFs as this allows for direct speculation using tiered leverage options without the need to manage multiple positions, effectively diversifying trading risks associated with individual asset volatility.

Vivien Lin, Chief Product Officer of BingX, commented on the new offering: “By aggregating a range of leading cryptocurrencies into a single trading instrument, we’re giving users a practical and efficient way to better capture market trends. This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage.”

BingX users can take advantage of tiered leverage options and competitive rates consistent with the platform’s perpetual futures terms, simplifying open order management and enhancing trading efficiency. The platform also ensures that the index composition remains current, with regular quarterly adjustments and temporary updates in response to market conditions.

About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

 

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SOURCE BingX

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Lyric’s first solid-state battery front-end equipment is shipped to customer in United States

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BEIJING, Dec. 26, 2024 /PRNewswire/ — Recently, Lyric’s first solid-state battery front-end equipment has been shipped to a customer in the United States. Relying on its deep accumulation in the field of solid-state battery technology, Lyric has achieved strategic development on the global stage.

As of now, Lyric’s Z-shape stacking machine has reached the forefront of the industry, achieving an efficient stacking speed of 0.1s/pcs and ultra-high precision alignment of ≤ ± 0.3mm, setting an industry benchmark. At the same time, with the innovative design, the double planetary mixer realizes the efficient mixing of various viscosity materials, showing extraordinary flexibility, and significantly enhances the safety and efficiency of the production process through the iterative upgrade of automation technology, and provides customized services to accurately meet customer needs.

Looking to the future, Lyric will continue to expand its global footprint, based on the deep accumulation in the field of solid-state batteries since 2020, and its patented technology of dry electrode and stacking process and self-developed equipment advantages, Lyric not only demonstrates excellent capabilities in the manufacture of solid-state battery production equipment, but also provides a full range of solutions. Covers customized delivery from a single station to the entire production line. In terms of international cooperation, Lyric is actively seeking cooperation opportunities with more overseas enterprises, aiming to promote China’s solid-state battery equipment technology and solutions to the global market, further enhance its influence and competitiveness in the global renewable energy industry chain, and jointly explore unlimited possibilities in the field of renewable energy.

 

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Life-Space Wins Prestigious 62nd Australian Export Awards

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MELBOURNE, Australia, Dec. 27, 2024 /PRNewswire/ — At the prestigious 62nd Australian Export Awards held at Parliament House in Canberra, Life-Space, Australia’s No. 1 probiotic brand, proudly claimed the title of ‘E-commerce Winner of the Australian Export Awards 2024’. This incredible achievement underscores Life-Space’s unwavering commitment to delivering world-class health solutions to global consumers, fuelled by innovative digital strategies and a robust e-commerce presence.

Celebrating Australian Export Excellence

The Australian Export Awards, established in 1963 and presented by the Australian Trade and Investment Commission (Austrade) in collaboration with State and Territory awards programs, is a premier national program. It recognises the achievements of Australia’s most outstanding, innovative, and inspiring exporters, highlighting their significant contributions to the nation’s economy.

A Global Leader in Consumer Health

Life-Space has established itself as a trusted name in probiotics, offering products that support gut microbiome and whole-body health. Exporting to over 20 countries, including China and key Southeast Asian markets, Life-Space continues to redefine the global consumer health landscape. The brand’s dedication to scientific innovation, high-quality manufacturing, and consumer education has made it a household name worldwide. 

Driving E-commerce Excellence

The award recognises Life-Space’s exceptional ability to adapt to the ever-evolving digital marketplace. Through strategic collaborations, robust online platforms, and consumer-centric marketing campaigns, Life-Space has consistently delivered value to its customers while expanding its global footprint. Notably, Life-Space has seen explosive growth in China’s cross-border e-commerce market, alongside outstanding performance in Southeast Asian countries such as Singapore, Vietnam, and Malaysia. The Singapore market, in particular, has recorded an impressive 140% annual growth rate for three consecutive years.

‘This recognition is a testament to the passion and hard work of the entire Life-Space team,’ said Alan Yi, Life-Space Group’s General Manager – Global Business, ‘We are proud to represent Australia on the global stage and remain dedicated to bringing the best in probiotics to consumers worldwide.’

Looking Ahead

As Life-Space celebrates this milestone, the brand is focused on forging new market opportunities, advancing health education, and introducing cutting-edge products that enhance everyday health and well-being.

“Our vision for 2025 includes expanding our export capacity and preparing to introduce our products to the U.S. market,” added Yi. “This achievement further reinforces our position as a global leader in consumer health.”

View original content:https://www.prnewswire.com/apac/news-releases/life-space-wins-prestigious-62nd-australian-export-awards-302339494.html

SOURCE Life-Space

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