Thursday, 7 September 2017

Lithium Race From DIEselGate: BMW To Mass Produce Electric Cars By 2020 And Will Have 12 Different Models By 2025.

Reuters reports that another great German automaker is going "full in" into the lithium race to leave the DIEselGate cancer hazard polluting dust behind. BMW has started lithium race early with BMW i3 and BMW i8, but both cars can hardly be called the mass market electric cars proposition because of the price for BMW i8 and even the sticker for BMW i3 was very high when you consider its previous range limitations.

An improved range for BMW i3 has ignited the sales of this urban electric mobility solution from BMW last year, but it is still hardly the car that BMW fans would like to see from the famous automaker. Now we can expect the full range of electric cars from BMW which will be like "normal" BMW, but better. The power of the BMW brand must do the rest, lithium technology is here, we are entering the Tsunami Stage for the mass market of Electric Cars After Tesla Earthquake.

The Lithium Technology is here. It took all humankind history to reach 1 million electric cars on our roads by 2015 and then just over a year to double it to 2 million units in the EV fleet in 2016! This is called exponential growth and we are at the very beginning of it. We have just crossed 1% of electric cars sales share for worldwide auto sales and electric cars are still just 0.2% of the total number of cars in the world. We have a long way to go to all new cars being electric, but it can be much faster than a lot of people think: Lithium Race At IMF: "Electric Cars Can Replace Motor Vehicles In The Next 10 To 25 Years."

We have The Switch in action when millions will be choosing electric cars. Bloomberg is forecasting that we will be able to choose from 200 EV models by 2020 and Elon Musk is "thinking hard" where to build Gigafactories 3,4,5 and 6. The market is not even close to the proper translation of what kind of EV tsunami is coming and how it will affect the demand for lithium and other energy metals.

Our starting point for electric cars is just over 1% of total auto sales in the world against only 200,000 tonnes of LCE produced in 2016. The dramatic increase in demand for lithium will require accelerated production from all known reserves of lithium and new resources will need to be found and put into production, this being crucial to the Energy rEVolution.