DIEselGate hits Mercedes brand with Daimler being accused of selling more than a million cars with excess emissions, is it still a secret that there are no such things as "Clean DIEsel" and "Clean Coal"? Maybe it is still not clear for the politicians who are waiting to ban all DIEsel cars from our streets, but consumers and big banks are waking up. Consumers cannot sell its used DIEsel cars anymore without very lofty discounts and money managers are looking for the stranded assets and disruption at the core of the auto industry.
ING Bank joins the Electric rEVolution with its prediction that only electric cars will be sold in Europe from 2035 onwards. OPEC has increased 500% its own forecast for the fleet of electric cars by 2040 from 46 million estimated in 2015 to over 266 million forecasted in 2016 and IEA is calling for 600 million EVs needed by 2040 just to keep temperature increase below 2%. It is possible and The Switch is happening right now with millions of people testing electric cars worldwide.
ING Bank joins the Electric rEVolution with its prediction that only electric cars will be sold in Europe from 2035 onwards. OPEC has increased 500% its own forecast for the fleet of electric cars by 2040 from 46 million estimated in 2015 to over 266 million forecasted in 2016 and IEA is calling for 600 million EVs needed by 2040 just to keep temperature increase below 2%. It is possible and The Switch is happening right now with millions of people testing electric cars worldwide.
Cheaper and better electric cars are coming and Tesla Model 3 will be the best advertisement of EV Technology on our streets. Lithium industry is still living in its own bubble with major investment houses calculating 5% - 10% - 15% penetration rates for electric cars. What will happen if all cars will be electric and much faster than a lot of people think? We are getting there in the ludicrous mode now. The recent wave of M&A in the lithium sectors is just a warm up before the real tide will be coming on.
"The cost of lithium batteries is going down very fast and I believe that fully electric cars will rule the world very soon. Tesla Model 3 with 65 kWh lithium battery provides over 200 miles of range and will become the standard in the industry with its mass volume production from this July. There is around 60 kg of LCE (Lithium Carbonate Equivalent) in one Tesla Model 3 battery. We will need 36 Million Tonnes of LCE to be produced by 2040 to put this IEA plan into life.
To put it into perspective, the total lithium production last year was around 200,000 T of LCE. Now you can better understand why there is the real cut throat competition for the security of lithium supply which is still hidden from the most of the people by the clouds of toxic cancer hazard fumes emitted by all DIEsel cars on our roads. ICE (Internal Combustion Engines) are on the way out, all cars will be electric very soon and we are facing the total disconnect between the coming demand for lithium and the available supply. Read more."
ING:
Electric cars will take over, threatening European car industry
Electric cars are on a breakthrough, and even faster than we thought. The major reservations people still have – charging infrastructure, range anxiety and pricing – will be overcome within the next seven years, according to the Breakthrough of electric vehicle threatens European car industry report by ING’s senior economists Max Erich and Jurjen Witteveen.
Car market competition
Only electric passenger cars will be sold from 2035 onwards, according to the research estimation. This has a drastic impact on the European car market. Currently, European car manufacturers are at the forefront of internal combustion engines (25% market share), but their share in lithium-ion production used in electric cars is only 3%. Therefore, it is likely that both Asia and North-America will get a bigger foothold in the European car market due to their great supply of resources."
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