Sales of new battery-electric cars in Europe increased by 11.1% YoY in Q2 to 233,413 units. Gasoline car sales fell by 22% to 909,703 units, while diesel passenger vehicles dropped by 27.7% to 409,174. More: - Battery-electric vehicle sales reached a 9.9% market share in Europe.
- Plug-in hybrid electric vehicles have an 8.7% market share.
- Gasoline and diesel cars have a combined 55.8% market share.
- PHEV sales saw declines in major European markets, including a 17.4% drop in France, -16.9% in Germany, and -6.9% in Germany. In Spain, however, PHEV sales increased by 11.3%.
- Total PHEV sales in Europe in Q2 decreased by 12.5% to 206,501 cars.
- Natural gas-powered passenger vehicle sales dropped by 62.9% to 4,983 units.
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Airbus announced that it has signed a letter of intent with a group of airlines for the purchase of carbon removal credits. The carriers include Air Canada, Air France-KLM, the International Airline Group, Lufthansa, LATAM Airlines, easyJet, and Virgin Atlantic. More: - The LOI involves the possible pre-purchase of verified carbon removal credits from 1PointFive from 2025 through 2028.
- 1PointFive seeks to build an industrial-sized direct air plant that would capture 1 million metric tons of CO2 per year. Construction is set to begin by the end of the year and operations in 2024.
- In March, Airbus signed an agreement with 1PointFive to pre-purchase 400,000 metric tons of carbon removal credits in the next four years.
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 A message from BOXABL Imagine if houses were built like cars, with one home coming off the assembly line every 60 seconds...wouldn’t that change the world? Cutting-edge housing manufacturer Boxabl plans to do just that, by setting up the world's largest and most advanced housing factory. Why Boxabl? - Setting up a 170,000 sq ft manufacturing facility in less than one year
- Raising over $100M from over 15,000 investors
- Elon Musk shouted out the Las Vegas-based company calling Boxabl a “cool product.”
- Achieving LEED certification and hurricane wind ratings on all houses
- Strategic partnership and investment from the largest home builder in the USA, D.R. Horton Inc.
- Over 50 patent filings due to considerable innovations in building technology
- Factory 2 is now under construction
- Customer waitlist of over 100,000 pre-orders, indicating potential demand worth billions of dollars
- Guided by Volkswagen Group's Porsche Consulting Inc. for the design and implementation of Boxabl’s new factory
- Shipping houses every day
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 Eve Air Mobility revealed it signed a letter of intent with BAE Systems for 150 eVTOLs for defense and security applications. BAE will work with Eve Air's parent company, Embraer, in repurposing the aircraft, which is designed for urban air mobility. More: - BAE Systems participated in Eve Air's $305M PIPE deal prior to its merger with special purpose acquisition company Zanite, which also included Embraer, Rolls-Royce, and SkyWest, among others.
- Eve Air currently has a backlog of 1,910 eVTOLs, up from 1,825 in May.
- $EVEX was up 4.11% for the day and 8.48% for the week on Wednesday afternoon.
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Volvo Group published its results for the second quarter, which included a 31% YoY increase in net sales to ~$11.62B. The group had an adjusted operating margin of 11.6%, up from 10.7% in Q2 2021. More: - Volvo Group had an operating income of ~$1.34B in Q2, up from $1.11B during the same period the year prior.
- The company delivered 53,388 trucks, down from 57,961 units in Q2 2021. Year-to-date, it has delivered 98,982 trucks, down from 143,422 during the same period in 2021.
- Volvo Group had a 21% YoY increase in sales in Europe to $4.6B, 54% in North America to $3.4B, 42% in Africa and Oceania to $700.9M, and 91% in South America to $1.2B. Sales in Asia decreased by 3% to $1.6B.
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 A message from COX EDGE Assets are getting larger, and end users have you stuck between the cloud and a hard place. While today’s websites and apps are still largely run out of one location, your users are everywhere. Cox Edge’s CDN steps in to help you deliver content more efficiently. Our extensive network of POPs delivers content to your end users based on location, co-locating site and app assets closer to where your users are. Learn how Cox Edge’s CDN can help you quickly scale up during heavy traffic, decrease costs, and deliver an enhanced experience to end users with faster load times, increased performance, and more stability. Explore More
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Germany-based BMZ Group and China-based CALB have signed an agreement to jointly produce lithium-ion batteries for commercial electric vehicles for Europe, Asia-Pacific, and the Americas. The companies plan to manufacture CALB's NMC batteries while seeking to begin production of solid-state batteries in 2025. More: - In September, CALB revealed its plan to scale capacity to 300 GWh by 2025, which included a 50 GWh manufacturing facility in Hefei.
- In January, the Chinese battery company revealed its plans to build a 20 GWh production facility in an undisclosed location in Europe.
- CALB's customers include XPeng, GAC Aion, Geely Automotive, and Changan Auto.
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 Toyota announced a partnership with Isuzu, Hino, and the Commercial Japan Partnership Technologies Corporation to jointly develop a light-duty hydrogen fuel-cell truck for the mass market. The companies expect the vehicle to go on sale in Fukushima and Tokyo starting Jan. 2023. More: - The trucks are aimed at last-mile logistics, including supermarkets.
- Isuzu, Hino, and Toyota have also been working on a battery-electric bus, aiming to produce the units in 2024.
Zoom Out: - Earlier this month, Tevva announced the production of a hydrogen-based heavy goods truck with 310 miles of range.
- In June, Volvo Trucks began testing a hydrogen truck with 621 miles of range.
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Quick Hits: - Ransomware attacks grew by 485% in 2020. This multi-pronged approach can help organizations respond to and recover from ransomware attacks.*
- Amazon's Zoox confirmed it has applied for a permit to test its vehicle without pedals or steering wheel in California, as it plans a robotaxi service.
- BASF and Toda plan an expansion on their cathode plant in Q4. Their annual capacity for the material is expected to reach 60,000 metric tons in 2025.
- The House of Representatives advanced legislation to expand truck parking capacity via $755M in grants. The original bill was amended on Wednesday to omit funds from being used for EV charging.
- Cathay Pacific's cargo tonnage for H1 dropped 4.3% to 1.2 billion pounds.
- How's your current digital marketing strategy? Make it even stronger with our new interactive worksheet.*
*This is sponsored content.
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 |  | Written and curated by Nicolas Saravia, an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped start-ups. |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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