Despite the hype and excitement, not to mention the fanciful visions put forth by Tesla’s Elon Musk, electric vehicles (EVs) are not yet winning over the transportation sector. Aside from a few outliers, one to two per cent of the vehicles sold in most developed nations, including the United States, the United Kingdom, Germany and France, are electric vehicles. Canada is a clear laggard, with market share well below one per cent. This is nowhere near the goal set by the Clean Energy Ministerial for electric vehicles to make up 30 per cent of the vehicles sold by 2030, which seems to be the minimum trajectory to achieve the long-term mitigation goals for greenhouse gases. Despite these unimpressive sales, enthusiasts argue that the electric future is inevitable, driven by ever-cheaper batteries and consumer interest. But we’ve seen such predictions of unbridled optimism before for several alternative fuel visions — all followed by periods of unmet expectations and disappointment.
SPRU 2nd Jan 2018 read more »
The metals needed to power electric vehicles were in hot demand in 2017, but a leading observer of the market believes that prices are still only in the foothills of the peaks they may yet achieve. Demand for lithium, cobalt and nickel for batteries surged on the back of rising expectations about the move towards electric vehicles and the adoption and viability of large-scale energy storage. The prices of lithium and cobalt have more than doubled in the past year.
Times 3rd Jan 2017 read more »