Post by
goodtoreadthis on Nov 08, 2018 11:13am
HUGE demand -LI,NI,CO, GRAPHITE-2020, 2021,2022 etc
HUGE demand – LI, NI, CO, Graphite- 2020,2021, 2022, etc.
This analysis is my own. The statistics used come from an Associated Press article published in the Boston Globe on Oct 21, 2018.
The analysis of demand arises out of laws already passed and on the books in the European Union. Use of quotations means the item is a direct lift from the article.
Car makers “must cut average emissions of CO2 for new cars sold in EU from the 2015 goal of 130 grams (4.6 ounces) of CO2 per driven kilometer to 95 grams per kilometer in 2021 , OR PAY HEAVY FINES ( EMPHASIS SUPPLIED BY ME). “
The article points out that the enormous surge in demand for electric vehicles will come from the deceit practiced by certain car makers who lied about the cleanliness of their diesel engine cars. Setting that option aside has put the car industry into a tremendous bind because their sales plans called for diesels to be a huge component of car maker plans to reduce CO2 emissions. That option is no longer available to EU car makers.
What are the consequences of that deceit ? ”Ferdinand Dudenhoffer, director of the CAR-Center for Automotive Research at the University of Duisberg-Essen, estimated that BMW will need to sell 93,000 electrics per year to avoid fines, while Daimler’s Mercedes and Smart brands will need 101,000 and Volkswagen will need a whopping 347,000. That compares to the 65,700 sold by all carmakers in the EU” in 2017.
“ Europe may still lag China, where the government is mandating that electric cars make up a bigger part of the market. Currently the US market share for electrics is 0.6 percent; in China it’s 1.8 percent.
With dieselgate, the switch to electric cars has accelerated, Dudenhoeffer wrote in an analysis – without pure electric cars the regulation requirements cannot be met.
Research group IHS Markit predicts battery vehicles EU market share will hit 4.8 per cent by 2021 and 9.3 percent in 2024 .
Greg Archer, director of clean vehicles for environmental group Transport & Environment, said carmakers are blaming the decline in diesel sales for their inability to meet future targets – while pushing old inefficient, high performance SUVs to maximize their profits.
But the reality is that almost all serious carmakers in Europe will hit their targets and avoid fines” said Archer.
Each EV battery consumes substantial quantities of lithium, cobalt, nickel, graphite, and other elements. In the interest of full disclosure, this writer in heavily invested in LI, NI,CO, and graphite in Greenland, Canada, Madagascar, the United States, Chile, Argentina, and Australia. We resource investors have a very, very bright future.
Comment by
goodtoreadthis on Nov 09, 2018 2:36am
This Aussie definitely got the point of the post. So from 65,700Ev's last year to 441.000 in 2021. Almost 7x increase. Going to need a lot more Lithium. Albermarle [Chilean brine] won't be suppling as much as they planned so Australian hard rock suppliers futures look bright. TO say nothing about the Hard rock LI supplier that goes by symbol CRE