ELECTRIC car manufacturer Tesla has rolled out its cheapest vehicle to date which could fire the starting gun on a price war. The new Model 3 retails at $35,000 (£26,650) and founder of the firm Elon Musk hopes it will be the first mass-market electric car.
Herald 30th July 2017 read more »
BBC 29th July 2017 read more »
Transparency Market Research estimated the global lithium-ion battery market at $30bn in 2015, rising to more than $75bn by 2024. Morgan Stanley analysts expect global car sales to rise by 50% by 2050 to more than 130m units a year, and estimates that electric vehicles will account for at least 47% of that total. Lithium-ion batteries have long been used to power smartphones, laptops and other gadgets. Scaled-up versions are now being developed for electric vehicles. These batteries should last for at least 10 years, or 150,000 miles, until they need to be replaced. However, the road to a promised land of zero-emission vehicles is littered with speed bumps and red lights that threaten to seriously slow the progress of the electric car. Battery makers are struggling to secure supplies of key ingredients in these large power packs – mainly cobalt and lithium. The hopes of both battery and vehicle manufacturers hang on the mining sector finding more deposits of these precious minerals.
Observer 29th July 2017 read more »