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Tesla vs Competitors - 5 Advantages
The advantages that Tesla has are numerous. But there are 5 big advantages that I think set Tesla far, far apart from the pack.
1: Motors
No other company has an electric motor on the market that comes close to the performance/price ratio of the Tesla Model 3’s permanent magnet synchronous reluctance motor. On Tesla’s other models, they’ve used an induction motor design, which is one of the most common electric motor designs in the world. So what makes the Tesla Model 3 motor so special? Unlike the induction motor design that Tesla has used in the previous models, the reluctance motor is taking advantage of permanent magnets. Auto industry expert and engineer, Sandy Munro, said that Tesla’s motors are “magic.”3 He cites the magnet design in the motor as one of the reasons for that. Tesla has glued together a series of magnets into a specific pattern, known as a Halbach array, that shapes the magnetic field to do exactly what they want it to do. Essentially you can make the magnetic field on one side of the array almost twice as strong as normal, while on the other side there’s virtually no magnetic field. Deciphering how and why Tesla is arranging the magnets in this way is another story.
2: Batteries
This is one area where Tesla has had a significant lead for some time. And not just in the battery pack design itself, but also the cell chemistry and performance, as well as production capacity needed to build EVs at scale. And to give a sense of scale for Tesla’s battery manufacturing capacity, the Gigafactory currently makes as many batteries as every other EV manufacturer combined. In the next year or two the Gigafactory is expected to hit 35 gWh of batteries per year.4 Other EV makers are ramping up their own Gigafactories too, like BYD in China5 and others. But again, Tesla is also building another factory in China right now and is set to announce a new Europe factory too.
Tesla’s current battery cells and pack are recognized as one of the best battery systems in the world.
3: Superchargers
This one can’t be undersold no matter how you look at it. One of the biggest things EV detractors hold up is the lack of good EV charging infrastructure. This is something that Tesla took into consideration from the beginning of the company and is why they build their own charging network. As of right now, Tesla has over 14,000 Superchargers at 1,600 Supercharger stations around the world8 ... and they’re not slowing down adding more. And these are fast charging stations where you can usually get most of the charge you need in about 30 minutes. Compare the number of Tesla Superchargers in the U.S. to other available fast chargers and the difference is stark. Tesla accounts for 57% of the fast chargers available.9 The next largest network is EVgo with 20%. And even though Tesla has offered other car makers access to their network, nobody has taken them up on the offer, which is why Morgan Stanley has referred to the Superchargers as a competitive moat.10 No other car manufacturer builds and owns their own, extensive charging infrastructure, which means those companies are dependent on third parties to fill in the gaps. Tesla building out their own charging network has taken the full owner’s experience into account; not just the sale of the car. Until other manufacturer’s get more involved with charging, this is one area that’s going to hold them back.
4: Autonomy
Tesla has been on the path to full autonomous driving for some time now, but until the Tesla autonomy investor day event, I don’t think many people realized how close they may be. Tesla has designed and built their own custom full self-driving computer, which is now shipping in cars they’re making today.11 And they’re already underway on designing the next-generation self-driving chip that comes next.
Unlike their autonomous car rivals, Tesla has over 400,000 cars on the road (nearing 500,000) with the full sensor suite, which includes 8 cameras, 12 ultrasonic sensors, GPS, and radar. Their competitors are in the thousands. And when it comes to winning the machine learning and autonomous race, data is the key. The amount of data Tesla is collecting is immense and dwarfs their competition, we’re talking about over 1 billion miles logged with Autopilot.
The benefits to Tesla’s approach is that as they make incremental improvements to autopilot and self driving, they can roll individual features out to their customers to start using, which in turn feeds more data into their machine learning models to achieve full self driving.
No other car maker is anywhere close to this level of autonomy, which changes the whole dynamic of cost of ownership when it comes to a Tesla. As Elon put it in a recent interview on Lex Fridman’s Artificial Intelligence podcast:
“Buying a car today is an investment into the future. I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset — not a depreciating asset.” - Elon Musk12
5: Final thoughts ... and Tesla Advantage
And the final advantage that I’d call out is Elon himself. This one could be viewed as a double-edged sword, but I think it’s far more of a pro than a con. Having a charismatic and visionary CEO leading a company can not only push the company to achieve great things, but it helps to get more attention and mindshare from the public. Elon’s tweets, good and bad, get a lot of media attention, which is free publicity for the company. When Elon speaks, people pay attention, which is something a lot of companies would kill for. How many people do you think would recognize names like Jim Hackett, Harare's Kruger, Herbert Diess, or Michael Manley? They’re all CEOs of car companies, but they don’t garner anywhere near the level of attention that Elon gets. Elon isn’t just leading the EV revolution, he’s leading a highly successful space flight company, and another that’s boring tunnels to improve mass transit. He’s capturing the imagination of millions of people, talking to them directly on social media, and turning them into paying customers.
So those are the five big reasons that I think give Tesla the competitive advantage. Not only today, but for years to come. There’s a first mover advantage that applies to all of those. The lead they have in motors, batteries, EV charging, autonomous driving, and leadership is going to be extremely difficult for competitors to overtake. And Tesla isn’t standing still. They’re continuing to push and out-innovate the competition, which will keep them several steps ahead of the competition for years to come.
So how is Tesla sales good for Australian Mines? It's good because even though Australian Mines will not sell battery metals directly to Tesla, Tesla's sales help Electric Vehicles to become mainstream. As Electric Vehicles become mainstream, sales across the board with other manufacturers increase. This benefits Australian Mines. We know at some point in the future they will have problems with battery metal supplies that benefits Australian Mines. So, it's evident that EV's will become mainstream and so now is the time to invest in Australian Mines because in the future this stock will explode.
Hydrogen fuel cell car - Where are they?
Where are the Fuel Cell Vehicles? You see hardly any on the road. Fuel cell vehicles are trying to compete with Plug In Electric Vehicles as the vehicles of the future. IMO, I think Fuel Cell Vehicles are dead on arrival for small passenger vehicles because Hydrogen Fuel Cell Vehicles are much more expensive to operate. It will cost around $80 to fill up a fuel cell vehicle as compared to 2$ to $12 for EV's. Fuel Cell Vehicles cost as much as 4 times more to operate than an EV. Also, there are less parts to break down in an EV as it has only around 20 moving parts, while a Fuel Cell Vehicle has many more moving parts. Also, there are very few charging stations around Fuel Cell Vehicles while EV have thousands of stations around more being added every month. So, it should be quite obvious that EV's are the future, especially for passenger vehicles, and that there will be millions of these vehicles on the road in the future. Australian Mines LTD (AMSLF) will be suppling the battery metals for many of these vehicles. AMSL's stock will explode in the near future. So start investing now.
Hydrogen station explodes, Toyota halts sales of fuel cell cars, is this the end?
Fuel cell vehicles are trying to compete with Plug In Electric Vehicles as the vehicles of the future. As you see from this article there is really no comparison. Hydrogen is flammable, just like gasoline, and so there is always the chance for an explosion, just like at this station in Norway. EV's are much more safe when charging and you can just charge them at your house. Besides that, Hydrogen Fuel Cell Vehicles are much more expensive to operate. It will cost around $80 to fill up a fuel cell vehicle as compared to 2$ to $12 for EV's. Fuel Cell Vehicles cost as much as 4 times more to operate than an EV. Also, there are less parts to break down in an EV as it has only around 20 moving parts, while a Fuel Cell Vehicle has many more moving parts. Also, there are very few charging stations around Fuel Cell Vehicles while EV have thousands of stations around more being added every month. So, it should be quite obvious that EV's are the future and that there will be millions of these vehicles on the road in the future. Australian Mines LTD (AMSLF) will be suppling the battery metals for many of these vehicles. AMSL's stock will explode in the near future.
https://electrek.co/2019/06/11/hydrogen-station-explodes-toyota-halts-sales-fuel-cell-cars/
GM & Bechtel plan to build thousands of electric car charging stations across the US. Other companies are to invest in the project such as car dealers, convience stores, etc.
Think Eelectric Vehicle adoption is not taking off? Think again. This is going to take off big. There are already thousands of charge stations out there. Soon there will be a charge station on every corner. There will soon be millions of EV's on the road. Australian Mines LTD (AMSLF) will be a big player in the making of batteries for those millions of Electric Vehicle. Now is the time to invest in AMSLF before it's stock explode.
https://www.cnn.com/2019/05/28/business/gm-bechtel-electric-car-charging-stations/index.html
How Wireless Charging For Electric Vehicles Will Solve Range Anxiety
Imagine a future where electric vehicles charge where ever its parks, while stopped at a traffic light or even as it drives along the highway.
This will finally put an end to range anxiety and it’s possible by electromagnetic induction.
Electromagnetic Induction involves two electromagnetic coils, which are simply wires, usually made out of copper, that are wrapped around a core and have electrical currents running through them.
One coil is on a transmitter, which in the future would be on a charging pad in a parking space, at a stoplight intersection or even embedded in the road itself.
And then the 2nd coil is below the vehicle serving as a receiver.
As electricity is passed through the transmitter coil, it generates a magnetic field and transfers energy to the receiver coil, charging the vehicle.
So, industry experts believe that wireless charging will be implemented in 4 phases.
The first phase is relatively simple residential systems. Second, wireless systems will emerge in parking lots. Third under on-street parking spaces. Then the 4th phase is farther out in the future when we will see dynamic wireless charging systems embedded into highways.
And the first phase unfolding as there are at least two companies which have already developed residential grade wireless charging systems including Evatran and WiTricity.
Evatran is based out of Virginia and has charging systems available for the Tesla Model S, the BMW I3, Nissan Leaf and Chevy Bolt with various output levels between 3.3 to 7.2kw which is around the typical home power rating range.
WiTricity is based out of Massachusetts and their technology traces its roots to MIT research. Their system stands out because the output ranges up to 11kw. On top of that, auto manufacturers themselves are developing their own wireless charging systems including Nissan and BMW.
While phase 1 of wireless charging appears to be well on its way towards implementation, phase 2 through 4 will need government support. And this brings us to the UK. Back in July, the country proposed a plan to dedicate £40M towards research for wireless charging technology.
This includes investigating wireless charging solutions for streets where off-street parking is not available.
Along with wireless charging solutions for commercial vehicles such as ride-sharing service vehicles and delivery vehicles.I’m excited to see what comes from this research and if it’s half as compelling as the US Department of Energy’s research, it will be amazing. The DOE’s sponsored Oak Ridge National Laboratory has recently demonstrated a wireless charging system with an output of 120kw, which is equivalent to a Tesla Supercharger!And the Lab isn’t stopping there, as their long-term goal is to develop a wireless charging system with an output of 350kw!
This would allow EVs to charge in 15 minutes or less!
Additionally, in order for dynamic wireless charging systems to be economically viable, meeting the 350kw out goal is critical.
You see, as the power output improves, the number of coils needed to be embedded in roads is reduced along with the cost to install. So hopefully Oak Ridge can continue to make progress and allow for wireless charging as we drive along the highway!
In the meantime, we can already see a dynamic wireless charging system in action with a demonstration project done by Qualcomm Technologies.
Qualcomm constructed a 100-meter test track in France embedded with a 20kw wireless charging system. Not only did the project demonstrate charging vehicles traveling at highway speeds, but it also demonstrated two vehicles charging on the track at the same time.While 20kw is far from economical, it’s still awesome to see and shows that dynamic wireless charging will someday be a reality as the technology improves!
And it shows that with wireless charging technology, it’s only a matter of time until we see The End Of Range Anxiety!
So the Electric Vehicle Revolution is here to stay! There are constant improvement being made all the time. It is inevitable that Electric Vehicles will be mainstream. As the level of EV sales increase so will the scarcity of the metals involved to make them. This will make the price of these metals skyrocket. They estimate that sometimes starting in mid 2020 we should see signs of a shortage of battery metals. Australian Mines will come online sometimes towards the end of 2020 and beginning of 2021. This stock will soar. So now is the time to invest in AMSLF!
Nickel Prices Will Rise Even Without The EV Revolution
Because nickel is used in other industries and supplies are already tight, it will rise even without the EV revolution. Australian Mines LTD (AMSLF) has plenty of nickel and so when they come online in late 2020 or early 2021 expect their stock price to rise significantly. Now is the time to invest in AMSLF.
Nickel Prices Could “Go Through The Roof”
Australian Mines LTD (AMSLF) has plenty of nickel supply. If it goes through the roof then that is good news for Australian Mines LTD (AMSLF) because when they come online by the end of 2020 or beginning of 2021 then their stock will go through the roof.
Future Batteries
This video tells us all about the current batteries being used in electric cars today, lithium ion batteries, and how tyhey are made. They also tell us that it takes 5 to 8 years for a new battery technology to make it to the market and there is nothing else on the horizon to challenge lithium ion batteries so they will be around for a very long time to come. So Australian Mines LTD (AMSLF) has some of the battery minerals for the current lithium ion batteries on the market and will be supplying them for years to come. When Electric Vehicles using these batteries hit a certain sales level there will be a supply shortage of nickel and cobalt for the battery. They are estimating that mid 2020 we should be seeing evidence of a supply shortage of these metals. So now is the time to invest in AMSLF while this stock is inexpensive because in the near future this stock will rise dramatically and it will be significantly more expensive to invest.
Self charging EV car batteries mean you'll never need to plug in
They are always looking at ways to improve technology and Electric Vehicles are no exception. The fact that they are working on this technology of self charging Electric vehicles batteries and think that it is feasible should give us a pause. If they put this on the market it will be a game changer for Electric Vehicles. Australian Mines LTD (AMSLF) is the company to invest in for the Electric Vehicles batteries. They are a battery metals company and will be online at the end of 2020 or beginning of 20212. This stock will soar.
Profit Opportunities in Battery Metals and the Emerging Electric Vehicle Revolution
Australian Mines LTD (AMSLF) is the company to invest in for battery metals. They have cobalt/nickel/scandium mines. It is predicted because of the Electric Vehicle revolution there will be a shortage of EV battery metals starting to show in mid 2020. AMSLF will be coming online by the end of 2020 or start of 2021, just in time for the metals shortages. This stock will surge. Invest now while the price is relatively inexpensive.
Gold Is Hot But Nickel Is Hotter Amidst EV Boom
Nickel is hot because of the Electric Vehicle boom. In the near future because of this demand for Electric Vehicles there will be a shortage of nickel that goes into EV batteries. They estimate by mid 2020 we should start to see the shortages of this metal. Stocks in nickel mines will soar. Australian Mines LTD (AMSLF) has plenty of nickel and will be coming on line by the end of 2020. this stock will soar.
Global Shortage of Electric Vehicles Minerals
They are predicting nickel, copper, & cobalt mineral shortages starting in mid 2020 because of Electric Vehicle demand. Australian Mines LTD (AMSLF) is coming online with Sconi, a cobalt & nickel mine by the start of 2021. This stock will soar. Get in now.
UK economy slump as EV rise and ICE Vehicle decline
The British economy is showing the greatest signs of strain for seven years amid a continued decline in car sales and as the service sector struggles to grow with Brexit looming.
According to the latest snapshot from the beleaguered UK motor industry, car sales dropped for the fifth consecutive month in July. New car registrations fell by 4.1% to 157,198, the weakest sales in July since 2012, the Society of Motor Manufacturers and Traders said.
Demand for new cars fell among business and private buyers. Sales of cars to smaller firms, with fewer than 20 vehicles, slumped by more than a fifth year-on-year, continuing a precipitous 37.9% decline this year.
The one bright spot was the continued acceleration in sales of battery electric vehicles, which do not emit carbon dioxide. In July, 2,271 electric cars were sold, compared with 880 sold in the same month last year.
This trend will continue of EV sales rising, despite a slumping economy, as ICE vehicle sales falling. Once EV manufactures figure out how to make a more affordable EV then its game over for ICE vehicles. When EV sales become mainstream then battery metal shortages will abound. Australian Mines LTD (AMSLF) is the company to be investing in because they will be coming online with cobalt and nickel around the time of these shortages.
https://www.theguardian.com/business/2019/aug/05/july-car-sales-britain-fall-diesel-brexit
Reasons Australian Mines' stock will Explode!!!
*Massive resources with Sconi, Flemington, & Thackaringa mines
*Sconi has doubled resource estimates
*Fleminton has triple resources estimates
*Sconi is given fast tract status by Queensland Government
*Sconi to generate 5 Billion free cash flow for 30 year life of mine
*Sconi online by the start of 2021
*SKI Innovation sign supply agreement for 100% of Sconi minerals
*Oil companies to start hunting battery minerals juniors
*Trend to move away from DRC cobalt mines because of child labor
*Trend to move into countries like Australia for cobalt and nickel
*Nickel scarce
*Cobalt scarce
*Scandium is a rare earth mineral and valuable
*Predicted cobalt & nickel shortages starting to show by mid 2020.
*Electric Vehicle sales will drive cobalt/nickel prices and shortages
*Car, Computer, & Cell Phone companies are locking in mining supplies.
*Many countries have deadlines for ICE vehicles to be phased out
*Electric Vehicles sales continue to climb worldwide
*Electric Vehicles are the future
AMSLF's stock is going to explode. There is no doubt. Now is the time to get in on this stock while it is inexpensive.
Australian Mines triples cobalt mineralisation footprint at Flemington
The high-grade cobalt-scandium mineralised footprint represents a tripling of the areal extent when compared to the footprint of the initial Flemington resource.
Australian Mines managing director Benjamin Bell said: “Once again, our Flemington project in eastern Australia delivers on its promise to become a future source of cobalt for the fast-growing electric vehicle market.
“Consequently, I am even more optimistic about the project’s potential to be a major future source for the battery materials market given that only a fraction of the prospective geology has been evaluated.
“We are now planning an additional large-scale extensional exploration drilling program from October and we anticipate being in a position to update the mineral resource estimate for Flemington early next calendar year.”
Bell added: “The expansion of the mineralised footprint at Flemington comes on the back of Australian Mines’ landmark announcement that it has signed a long form offtake agreement with SK Innovation.
“This agreement is for 100% of the future output from the Sconi project in Queensland, which places Australian Mines at the forefront of Australia’s emerging cobalt sulphate and nickel sulphate battery materials industry.”
It is becoming increasingly evident that Australian Mines LTD (AMSLF) is resource rich. So do not be surprised to hear of some company, maybe SK Innovations, taking a stake or completely buying out Australian Mines to secure battery metals for their projects. AMSLF's stock is going take off. Start investing now in Australian Mines.
https://www.proactiveinvestors.com.au/companies/news/900484/australian-mines-triples-cobalt-mineralisation-footprint-at-flemington-900484.html
Australian Mines client, SK Innovation to sue LG Chem, LG Electronics in US over battery tech
SK Innovation, a major electric vehicle (EV) battery maker in Korea, said Friday it will file lawsuits against its local rival LG Chem and LG Electronics in the United States for patent infringement over EV battery technology.
The country's top oil refiner's move came after LG Chem filed a pair of lawsuits with the USITC and a U.S. District Court of Delaware in April, requesting an embargo on importing EV battery-related products from SK Innovation, while demanding compensation for the piracy of trade secrets.
These giants are fighting over battery tech and employees right now, imagine what is going to happen when it starts to become evident that there is a limited supply of mines and metals. IMO, they will be fighting over mines too. I expect ALL of Australian Mines' mines to have supply contacts on them and at some point some company may take a stake in them or even buy them outright. That is how it is going to get to make sure they have a good supply of battery metals. Australian Mines LTD (AMSLF) is the company to be investing in. Now is the time.
https://www.koreatimes.co.kr/www/tech/2019/09/133_274827.html
Australian Mines Client, SK Innovation, to file patent lawsuit against LG Chem in U.S.
South Korean battery maker SK Innovation Co Ltd on Friday said it plans to sue compatriot LG Chem Ltd and its U.S. subsidiary in the United States over alleged patent infringement related to electric vehicle (EV) batteries.
SK Innovation said in a statement it also planned to file a separate lawsuit against LG Electronics Inc in the United States, claiming LG Electronics produced EV battery modules and packs with the unauthorised use of SK Innovation’s patents.
SK Innovation stepped up its legal battle against bigger rival LG Chem after the latter sued SK Innovation in the United States for alleged theft of trade secrets by hiring its former employees.
Everyone involved in the EV revolution is trying to get a leg up on the competition in a bid for designs and employees. Expect to see more of this type of competition, especially in the battery space, as you start to see limited supply of battery metals. Australian Mines LTD (AMSLF) is in a good place. You will see a significant rise in it's stock.
https://www.reuters.com/article/sk-innovation-lg-chem-lawsuit/skoreas-sk-innovation-to-file-patent-infringement-lawsuit-against-lg-chem-in-us-idUSL3N25Q09M
Yeah, there is no telling where it will go with full revenue. Growgeneration at one time was over $8 a share. So, I can see no way that Sugarmade with full $70 million in revenue recognition be below $2 a share. They are both hydroponics companies also.
I imagine they wood be. At $70 million in annual revenue they would be hard to overlook. Scott’s Miracle Gro might look at acquiring them with that revenue. But a simple merger would be nice also. Growgeneration would be a nice company to merge with. It is a well run organization with about $3O million in revenue. If there management was in charge with $100 million in revenue the stock would really pop. Growgenerations stock price is at $5.40 right now and rising.
Australian Mines To Boom by 2021/2022.
Australian Mines LTD is one of the top 6 Cobalt Junior Developer Miners to be booming by 2021. Now is the time to get in on this stock while the price is very low.
https://seekingalpha.com/article/4174958-top-6-cobalt-junior-developer-miners-boom-2021-2022
Oil companies are looking for miners like Australian Mines
Experts say oil companies will drive a new wave of mergers and acquisitions activity in about 12 months hunting battery metals juniors, where investor excitement has in part helped the value of deals more than quadruple overall in Australian mining in the March 2018 quarter. Let's hope an oil company merges or acquires AMLSF.
https://australianmines.com.au/brochures/mediapdf/SP_Article.pdf
Australian Mines' Sconi is on fast-track delivery by Queensland Government
Declaring Prescribed Project status by the State Government helps to streamline approvals and fast-track delivery of the cobalt-nickel-scandium project.
https://www.proactiveinvestors.com.au/companies/news/213304/australian-mines-jumps-21-as-sconi-is-given-prescribed-project-status-by-queensland-government-213304.html
Australian Mines' Sconi is estimated to generate $5 billion in free cashflow for over 30-year mine life
I think that will be on the low end because when there is the shortages of metals there is no telling how high market prices will go.
http://www.businesskorea.co.kr/news/articleView.html?idxno=34706
Australian Mines' client, SK Innovation, Building Plant in Georgia
SK Innovation starts constructing battery plant, $1.7B bet on Georgia. This is the real deal they desperately need the battery metals that Australian Mines LTD (AMSLF) will supply. AMSLF's stock will skyrocket.
https://www.ajc.com/news/local-govt--politics/innovation-starts-constructing-battery-plant-bet-georgia/FegCubdjWmSX7aunMvCsVL/
SK Innovation & Australian Mines sign supply contract to Import Core Materials for EV Batteries
http://www.businesskorea.co.kr/news/articleView.html?idxno=34706
Australian Mines battery plant financing announcement soon
Australian Mines LTD (AMSLF) recently finalized an offtake agreement with South Korean battery maker SK Innovation after reaching a preliminary deal in March 2018. At the same time, it is chasing lenders for its Sconi nickel-cobalt chemicals project in northern Australia. Announcement of the financing deal is expected very soon. IMO, when the announcement is made the stock price will surge.
https://in.reuters.com/article/us-australia-batteries-nickel/australian-battery-materials-plant-eyes-financing-deal-by-end-june-idUSKCN1S90F6
https://www.proactiveinvestors.co.uk/companies/news/900145/australian-mines-signs-nickel-cobalt-off-take-with-sk-innovation-900145.html
Canada awarding almost $2M to Mogile Technologies for EV infrastructure projects
Natural Resources Canada is awarding almost $2 million to Mogile Technologies Inc., a Québec-based company, to develop two innovative electric vehicle infrastructure solutions in Québec.
The first project, with an investment of $1.136 million, will test new technology—compatible with multiple electric vehicle charging networks—designed to reduce peak period demand on the power grid. It will also allow utilities dynamically to adjust power output and pricing at charging stations based on predicted load use.
The second project, with an investment of $861,000, will develop a single account for electric vehicle drivers to pay for the use of any charging station, making payment easier for drivers while improving the business model for charging infrastructure operators.
Funded through the Green Infrastructure Program, these projects will provide data for future clean energy projects throughout Canada.
We all have hear the statement "build it and they will come." That is exactly what Canada is doing here. When it is built, come they will. Go to plugshare ( https://www.plugshare.com/ ) and notice all of the EV charging stations. There are a lot of them and more are being added everyday. We are witnessing the EV boom right before our eyes. Now is the time to start investing in Australian Mines LTD (AMSLF) while we can get it at an inexpensive price. Soon because of future demand the price of battery metals is going to rise tremendously and so will AMSLF's stock.
https://www.greencarcongress.com/2019/08/20190826-mogile.html
Volkswagen logs >10,000 registrations for new EV in first 24 hours
At a press event yesterday in Berlin, Volkswagen launched pre-booking in Europe for the first model in its new full-electric ID. model family, the ID.3. One day later, Volkswagen reports that customer interest in the initial special edition of the EV—the ID.3 1ST, which is limited to 30,000 vehicles—is significantly exceeding the brand’s expectations.
More than 10,000 registrations were received throughout Europe during the first 24 hours.
Potential customers can register for an early production slot for the ID.3 online at http://www.volkswagen.com/id-prebooking by paying a deposit of €1,000.
The pre-booking special edition ID.3 1ST has a range of up to 420 kilometers (WLTP). While the recommended base price for the ID.3 production model in Germany will be lower than €30,000 for the smallest version, the exclusive special edition is being offered at less than €40,000. These prices apply before the deduction of state subsidies in each case.
Volkswagen is offering pre-bookers who purchase a ID.3 1ST the possibility of charging electric power at no cost for the first year up to a maximum of 2,000 kWh at all public charging points connected to the Volkswagen charging app WeCharge and using the pan-European rapid charging network IONITY.
Volkswagen is participating in this network, which offers eco-power where this is technically feasible. The ID.3 is to be delivered to customers in carbon-neutral form. Production of the ID.3 1ST is to start as planned at the end of 2019 and the first vehicles are to be delivered in mid-2020.
The ID.3 is the first Volkswagen model based on the Modular Electric Drive Toolkit (MEB). The market launch of the ID.3 is to be followed by further models; studies such as the ID. CROZZ, ID. VIZZION or ID. ROOMZZ have already given an idea of what is to come. With its electric offensive, the Volkswagen brand intends to become the world number one by 2025, with more than 20 full-electric models and more than 1 million connected, zero-emission vehicles sold each year.
The demand for Electric Vehicles is definitely there. Soon the price for battery metals will rise. Then Australian Mines LTD (AMSLF)'s stock price will follow.
https://www.greencarcongress.com/2019/05/20190509-vwid3.html
2020 Chevy Bolt to boost range to 259 miles, up 21 miles
Starting with model year 2020, the Chevrolet Bolt EV will offer an EPA-estimated 259 miles of range on a full charge , a 21-mile increase (+8.8%) over previous model years.
Chevrolet’s battery engineering team improved the energy of the cell electrodes by making small changes to the cell chemistry. This allowed the team to implement the range increase without needing to change the physical battery pack and the way it is integrated into the vehicle structure.
Currently original purchasers of new Bolt EVs have access to Chevrolet’s exclusive Energy Assist feature through the myChevrolet mobile app. Energy Assist allows customers to view and search for charging stations, plan a trip with multiple waypoints and charging stops, monitor their route, and receive alerts if their destination becomes unreachable. Last year, the myChevrolet mobile app was updated to enable smartphone projection of the Energy Assist feature to the vehicle’s infotainment system via Apple CarPlay and Android Auto for drivers with model year 2017 or newer Bolt EVs.
The 2020 Bolt EV will arrive in dealerships later this year with a starting MSRP of $37,495 (including destination and freight charges, excludes tax, title, license, dealer fees).
Mass adoption is right around the corner because they keep making improvement on Electric Vehicles. Also, the vehicles are getting cheaper. The MSRP is just that a manufacturer SUGGESTED retail price. You can get these much cheaper. They are willing to deal. Go to the website MyEV ( https://www.myev.com/ ) and you will find you can get a brand new 2019 Chevy Bolt Premiere for as low as $29,000 and a 2019 Chevy Bolt Lt for $22,000. That's affordable. Soon there will be an explosion of sales for these cars and Australian Mines LTD (AMSLF) stock price will explode with it.
https://www.greencarcongress.com/2019/08/20190826-bolt.html
Canada ZEV sales up 30% in 1H 2019 after launch of federal incentive program
Sales of all zero-emission vehicles in Canada for the first six months of 2019 are up 30% compared with last year. Zero-emission vehicles represented roughly 3% of all new, light-duty vehicles sold in the first half of 2019, compared to roughly 2% during the same period in 2018.
Since 1 May 2019, Canadians who purchase or lease an eligible battery electric, hydrogen fuel cell, or longer range plug-in hybrid vehicle, will receive an incentive of $5,000. Canadians who purchase or lease a shorter-range plug-in hybrid vehicle will receive an incentive of $2,500.
To support the transition to a low-carbon transportation system, the Government of Canada has set sales targets for new zero-emission vehicles in Canada. The government has several measures in place to help meet these targets, including the Incentives for Zero-Emission Vehicles program, which provides incentives for people and businesses to purchase or lease zero-emission vehicles.
Sales targets for new zero-emission vehicles in Canada: 10% of new light-duty vehicle sales by to zero-emission vehicles by 2025, 30% by 2030, and 100% by 2040.
More than 14,000 purchases or leases have been made to date through the Incentives for Zero-Emission Vehicles program, which launched three months ago.
Canada is committed to working with like-minded jurisdictions and is now a member of the International Zero-Emission Vehicle Alliance, an international group of governments joining forces to accelerate the adoption of zero-emission vehicles. This follows the June 2019 agreement between Canada and California on advancing clean vehicles and fuels, which includes working together to analyze measures to help achieve zero-emission vehicle sales targets.
Many people are switching to zero emissions vehicles. Australian Mines LTD (AMSLF) will be a leader in this field.
https://www.greencarcongress.com/2019/08/20190802-canada.html
Demand for battery electric vehicles in Europe doubles in July; growth driven by Tesla and Renault
Despite continuing economic uncertainty and diminishing consumer confidence, the European car market registered growth in July 2019, as registrations were up by 1.2% to 1,325,600 units, according to JATO Dynamics. Although the growth was marginal, it marks a significant improvement on the drop seen in June, when registrations fell by 7.9%.
However, the result is not significant enough to offset the market’s overall performance so far in 2019, with year-to-date figures showing 9,723,400 vehicles have been registered—a 2.5% drop on the same period last year.
Registrations of BEV, PHEV, HEV and other electric vehicles totalled 96,600 units in July—as demand increased by 29% from July 2018. The fuel type also saw a market share increase from 5.8% to 7.4%.
It’s soon to happen, mass adoption is right around the corner. Australian Mines is the stock to be in. The explosion in ev’s is about to happen and so demand for ev metals is about to explode also!
https://www.greencarcongress.com/2019/08/20190829-jato.html
German Electric Car Registrations in June 2019 Doubled
In June 2019, new electric passenger vehicle registrations in Germany more than doubled compared to a year ago to 5,760 cars (+117%). As frequently happened when the overall German new car market had a weak month, electric cars managed to take a larger market share – 1.77% in June 2019 compared to 1.39% in May 2019.
Car sales in June 2019 was still influenced by holidays and after a 9% growth in May, contracted by 2% in June 2019.
During the first six months of 2019, electric cars took a 1.68% share of the total German new car market with 31,059 (+80%) electric passenger cars registered out of a total 1,849,000 (+0.5%) cars.
As before, electric car sales in Germany were mostly determined by the availability of cars. While most manufacturers have long waiting lists, the sudden availability of the Tesla Model 3 gave a huge boost to registrations in both February and March but Model 3 registrations fell sharply back in April and May to be followed by strong numbers in June. Most electric models have long waiting periods with the three months required to buy for example a BMW i3 amongst the shortest in the industry.
Waiting times for other cars are nearer to a year, which certainly put private buyers off. Volkswagen started to take orders for the ID3 that will only be available in 2020 as replacement for the current eGolf. Porsche and Mercedes Benz also announced special electric vehicles with the planned production run of some models apparently already sold out prior to the cars hitting the market with no possibility to actually adapt production numbers to demand.
What does that tell you if most electric car makers have a long waiting list? It tells you that there is a big demand for electric vehicles. When the auto makers get it together where they can satisfy the demands of the current buyers then watch out. Millions of Electric Vehicles will be sold. At some point in the future because of this demand there will start to be shortages of battery metals. There are not many mines that will be coming on to satisfy this demand. Australian mines will be coming online at the time of these shortages. When it does this stock will explode. Now is the time to be investing in AMSLF.
https://www.best-selling-cars.com/germany/latest-germany-best-selling-electric-car-brands-and-models/
The Greatest Transformation of the Auto Industry since Henry Ford
Ten years after the US government saved automakers with a massive bailout, the industry is healthier than it has ever been. But automakers are facing a bigger challenge today than they did during the depths of the Great Recession.
"We are on the verge of a transformation of the industry we haven't seen since Henry Ford," said Michelle Krebs, senior analyst with Autotrader. "I think it's all up for grabs."
The industry is under pressure to design and produce a radically different car of the future that will be able to travel long distances on an electrical charge.
It could be a car that will be able to drive itself.
In making these cars, the legacy automakers will face new competitors that pose a fresh challenge to Detroit's dominance.
Tesla has lifted the bar for electric-powered cars. Its factory is a plant that GM and Toyota once operated together, which closed in the wake of the bailout and GM's bankruptcy.
Tesla is still an upstart — it has only a small fraction of the sales of GM and all the other established automakers. After reporting two positive quarters in a row for the first time in its history, it's struggling to remain profitable. Nevertheless, investors see plenty of potential there: Tesla's market value has often topped that of GM, and it remains far more valuable than Ford.
And huge, deep pocketed tech companies are also investing in research and development in the field, posing competitive risks unlike anything the US auto industry has seen since foreign imports first started eating away at American automakers' dominance of the industry in the 1970s.
Google parent Alphabet has a self-driving car unit known as Waymo, which has been testing vehicles on the road for years. Apple has invested in the field, and Amazon recently bought a stake in an electric truck maker. Those are three of the richest, most valuable companies on the planet, dwarfing the financial success of any automaker.
Everyone with eyes can see the scene has changed. Electric Vehicles are big now and will be bigger in the future. All of those future millions of sales of electric cars need batteries and batteries need metals. Australian Mines LTD (AMSLF) has plenty of battery metal that will be sold. This stock is going to rock.
https://www.cnn.com/2019/03/29/business/auto-bailout-anniversary/index.html
Future Nickel Supplies Worry Tesla, EV Battery Makers
Battery producers and electric automakers, including Tesla Inc., are concerned over longer-term supplies of nickel, a key material in their supply chain that’s forecast to fall into deficit, according to an Australian miner that’s held recent talks with the sector.
The need for the high-purity material used in batteries, known as class-one nickel, is likely to outstrip supply within five years, fueled mainly by rising consumption in the EV industry, according to BloombergNEF.
It’s a concern shared by Tesla, according to Peter Bradford, chief executive officer of nickel producer Independence Group NL, who last week met with a member of the car producer’s battery metals supply chain team.
“They are getting ready to have the new factory in China, and are at full capacity in North America,’’ Bradford said. “They recognize the biggest risk from a strategic supply point of view is nickel.’’
There’s been a lack of sufficient investment in new mines for materials including nickel, a factor that could spur prices as battery sector demand builds, Tesla’s global supply manager of battery metals Sarah Maryssael, told a Washington meeting in May. Tesla didn’t immediately respond to a request for comment on its outlook for nickel and other metals.
Demand for nickel from lithium-ion batteries is forecast to surge about 16 times to 1.8 million tons of contained metal by 2030, BNEF said in a July report. Batteries will account for more than half of demand for class one nickel by that date, shifting a market that’s currently focused on stainless steel.
Perth-based Independence last year increased nickel output from its Nova mine in Western Australia by about a quarter and is spending as much as $75 million ($51 million) on exploration in an effort to extend the asset’s life and find new deposits.
Nickel in London has jumped more than a third in 2019 and last month touched the highest in more than a year. Future battery demand will add further pressure on prices, according to Bradford, who is awaiting delivery this month of his own Tesla Model S.
“The dramatic price rise we’ve seen will pale into insignificance compared to the future,’’ Bradford said in the Friday phone interview.
Japan’s Sumitomo Metal Mining Co., said in June the nickel market faces a deficit of 51,000 tons in 2019, raising an earlier forecast. Last month, First Quantum Minerals Ltd. confirmed it’ll reopen the Ravensthorpe mine in Western Australia – shuttered since 2017 – in the first quarter of 2020 amid the strength of interest from potential nickel and cobalt customers.
Western Areas Ltd. recently visited China’s Contemporary Amperex Technology Co. Ltd., a leading battery maker, and is winning interest from the EV sector for nickel supply contracts, the Perth-based producer said Monday in a presentation. Contracts with BHP Group and Tsingshan Holding Group Co. are scheduled to expire in January.
Meetings with companies in the EV supply chain in China and South Korea in the past month, including battery suppliers and producers of key raw materials and chemicals, had also underscored the industry’s concerns about supply, Bradford said.
“The big question everyone will be asking in a year’s time is where does the nickel come from to satisfy the demands for nickel in stainless steel, as well as the increasing demand for nickel into electric vehicle batteries?’’ he said.
So do you read that? “The dramatic price rise we’ve seen will pale into insignificance compared to the future,’’ Bradford said in the Friday phone interview." So, get ready in a year we will start to see a dramatic rise in nickel prices and also in Australian Mines stock. This stock very is cheap now. Now is the time to be investing in AMSLF.
https://www.mema.org/future-nickel-supplies-worry-tesla-ev-battery-makers
US EV sales in first half of 2019 climb nearly 12% on year
Electric vehicle sales and deliveries in the US in the first half of 2019 totaled 148,704 units, an 11.7% increase over first-half 2018 sales, according to data provided by an EV industry publication that tracks EV monthly sales.
The publication, InsideEVs, said that with a big sales number in June -- over 37,800 units -- the first half total eclipsed that of 2018. The year 2018 ultimately turned out to be a record sales year, with sales totaling 361,307 units. There is the expectation that the industry is on track to exceed those sales numbers in 2019.
As expected, in the first half of 2019, Tesla was far and away the dominant market leader in terms of EV sales.
The California-based company sold what InsideEVs estimated to be 67,650 units of its Tesla Model 3, which represented 48.4% of the EV sector's six-month sales total.
Additionally, Tesla sold approximately 9,000 of its Model X and 7,225 of its Model S, giving the company a three-model total of approximately 83,875, or 56.6% of the US market total, in the first half of the year.
The third and fourth top sellers of EVs, according to the data, were Toyota's Prius Prime, which sold 8,605 units, and Chevrolet, which sold 8,281 units of its Bolt EV.
"Chevrolet was in a unique situation entering the second quarter of 2019," said InsideEVs Editor-in-Chief Eric Loveday in an assessment of the data. "Since April 1st, General Motors buyers have only had access to 50% of the federal EV tax credit. This dropped the available incentive for Chevy EVs from $7,500 to $3,750."
April, May and June certainly were nothing to write home about since many sales were likely pulled forward into Q4 2018 and Q1 2019. Still, this quarter [Q2 2019] the Chevy Bolt EV outperformed our expectations. We consider that a win, even if it did not blow away numbers from Q2 2018," Loveday said.
TESLA HAS BIG JUNE AND Q2 2019 SALES
US sales of 37,818 units in June made the month the fourth ranked in terms of EV sales in a given month.
The current top three months by sales volume came at the end of 2018, with 49,900 units sold in December, 44,544 sold in September 2018, and 42,588 sold in November 2018. Ranked fifth was August 2018, with 36,347 units sold.
Tesla's sales of all three types of its EVs in June came to 25,700 units, out of the 37,818 EV industry total.
Tesla's big sales push in June of its Model 3 helped lead it to a second-quarter sales total of almost 54,000 units.
"In the first quarter of 2019, Tesla focused its efforts on global deliveries, though this quarter, it's clear that the focus shifted back to ramping up domestic production and sales," said Loveday. "All in all, Tesla produced and delivered more cars in Q2 2019 than it ever has in its history."
So despite the trade war and despite talks of a recession the electric vehicle surge is continuing. So it appears as US auto sales in general decrease, the ones who are buying are buying mostly Tesla electric vehicles. So it shows that the electric vehicle boom is for real. That is indeed good news for Australian Mines because if the record pace continues then somewhere down the road battery metal prices are going to skyrocket because of this demand. AMSLF is a good stock to invest in right now.
https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/070819-us-ev-sales-in-first-half-of-2019-climb-nearly-12-on-year-report
Rising Demand for Electric Cars in Europe
Electric vehicle registrations in Europe totalled 96,000 units in July, as the fuel type's share of the monthly market reached 7.4%.
The growth - 29% up year-on-year - was driven by Tesla – the top-selling brand – and Renault, which saw a 103% volume increase after its Zoe model became the top-selling BEV during the month. Other notable results included Volkswagen, where volume was up by 64%, Hyundai, where volume was up by 334%, and Audi, which sold 1,735 units of the E-Tron.
“Even if they still makeup a comparatively marginal part of the overall market, electric vehicles are definitely becoming the industry’s bright spot during these challenging times,” said Felipe Munoz, JATO’s global analyst.
The increase in EV’s market share came as a pure electric cars (BEVs) volume rose 98% to 23,200 units.
Hybrid vehicles also performed well in July, as demand increased by 27% to 56,800 units.
As usual, the rankings were dominated by Toyota and Lexus, but there were notable results from Mercedes, which came third, and Land Rover, whose new Evoque model became the fifth best-selling hybrid electric vehicle (HEV) during the month.
Despite continuing economic uncertainty and diminishing consumer confidence, it helped the European car market register growth in July, as overall registrations were up by 1.2% to 1,325,600 units
The electric vehicle boom continues. There is no doubt where Australian Mines LTD (AMSLF)'s stock price will be when their first mine goes online. It will be sky high!
https://www.am-online.com/news/market-insight/2019/08/28/july-data-shows-rising-demand-for-electric-cars-in-europe
Consumer Reports Admits, The Electric Car Age Has Arrived
There's no stopping the upcoming boom.
The auto industry is still ruled by the internal combustion engine. Cars (and trucks) powered by gasoline and diesel continue to dominate. However, an automotive transition is underway according to a new special report, The Electric Car Comes of Age, in the September issue of Consumer Reports. Jon Linkov reports, "Electric vehicles are becoming more visible on American roads."
"Though EVs still make up a small percentage of the passenger vehicle market—about 1.3 percent of the new vehicles sold in 2018—there has been explosive growth in sales: In 2010, just 1,919 EVs were sold in the U.S. By 2018, sales hit 233,411, thanks in large part to the popularity of Tesla’s Model 3," according to Linkov.
“It’s becoming common that new EVs can travel at least 200 miles on a full charge,” says Gabe Shenhar, associate director of CR’s auto test program. And it turns out, "36 percent of prospective car buyers in the Consumer Reports 2019 Plug-In Electric Vehicles survey said they would consider getting a plug-in electric vehicle for their next new car."
Furthermore, "Research and analytics firm IHS Markit estimates that the share of EVs sold in the U.S. will grow to 7.6 percent of the market in 2025, driven by consumer interest, expanding charging infrastructure, and cities and countries that have enacted regulations that favor electrification."
Stephanie Brinley, IHS Markit principal automotive analyst, explains that nations all around the globe are pushing for lower vehicle emissions. “You can expect regulations will get harder, and they will get tougher,” she says.
And Scott Shepard, a senior analyst at automotive research and consulting firm Navigant, tends to agree. “Emission standards will continue to get stricter, with eventual bans on new internal-combustion-engine sales in some cities and countries,” he says.
So will the adoption of electric cars accelerate? Consumer Reports is upbeat about an "EV revolution" that's quickly approaching. CR's Linkov says, "Analysts expect the electric boom to continue and... EV market share to increase."
Everyone is beginning to realize that the Electric Vehicle boom has started and it is not stopping anytime soon. That means that soon there will be supply shortages of battery metals. Australian Mines LTD (AMSLF) as a supplier of this metal will boom. Investment in AMSLF is a smart move right now.
https://insideevs.com/news/367572/consumer-reports-ev-boom-reality/
NOW ON USED CAR LOTS: GREAT ELECTRIC VEHICLES FOR CHEAP
Any argument about the future of the electric vehicle market is likely to include one statistic: In the US, battery-powered cars make up fewer than 2 percent of new vehicle sales. That desultory number, though slowly increasing, makes clear that, for all the technology’s upsides in performance, design, and environmental impact, consumers remain skeptical of the high prices and limited range that come with a charging cord.
But new data shows that EVs are starting to catch on in an often overlooked part of the industry. Used-car shopping site Shift says that in the first half of this year, electrics tripled their share of sales compared with the same period of 2018, to 4 percent. Add in hybrids and the number gets more impressive. “Twenty percent of what we sell is hybrid or electric,” says Shift co-CEO Toby Russell.
Russell notes that Shift’s online sales model tends to attract a younger, coastal clientele, so those figures may not match the national mix. But they should encourage those eager to see the US move toward a cleaner way of getting around town, because the pre-owned space is where cars really move off the lot. In 2018, Americans bought 17.3 million new cars and 40.2 million used ones. A significant increase in used EV sales indicates not just that more people want to go electric, but that, nearly a decade after the Nissan Leaf and Chevrolet Volt first went on sale, battery-powered rides have been around long enough, and become popular enough, to become affordable and widely available to secondhand drivers.
“While EVs are far from mainstream, we’re starting to see them expand past the bleeding edgers,” says Karl Brauer, an industry analyst with Kelley Blue Book. “Partly because used EVs are so inexpensive.” Indeed, it’s easy to find a Nissan Leaf or Fiat 500e on Shift for well under $10,000. And while those cars offer ranges around or below 100 miles (the 2019 Leaf reaches over 200), that limitation stops their owners from racking up serious mileage. That, plus EVs’ minimal maintenance requirements compared with engine-powered cars, should ease worries about spending extra money to keep them running.
Federal and state tax credits also help on the pricing front. A California driver can take $14,500 off the sticker price of a new electric car, a point that used car dealers account for. A Nissan Leaf’s MSRP might be $30,000, but a dealer will buy and sell it as if it were a $15,000 car that, like the average ride, loses about 50 percent of its value after a few years. (Newer and longer-range EVs like the Tesla Model S and Chevy Bolt EV hold their value better, Brauer says.)
The steady growth of new electric sales helps, of course, by increasing the supply reaching the used marketplace. That will only continue to climb as automakers like Ford, GM, and Volkswagen promise to deliver dozens of new battery-powered models in the next few years. “You’re just more likely to stumble across a used EV” along with a tempting price, Brauer says. “If you’re the slightest bit curious, it’s not gonna cost you much to give it a try.”
Curiosity is on the rise, says Joe Wiesenfelder, executive editor at online car marketplace Cars.com, based on what his site’s visitors are searching for. The American public has taken a while to catch on—many consumers worry that the car’s range and power will drop as the battery ages, despite a lack of supporting evidence—but there are great deals for the brave (or informed). “Anyone who’s not afraid of these things gets a crazy value,” Wiesenfelder says.
Zippy acceleration and an eco-friendly reputation are nice, but in a country where so many people have to drive, it’s value that will determine how many battery-powered cars end up in American driveways. “Ultimately,” Wiesenfelder says, “consumers are going to be more concerned about saving money than saving the environment.”
https://www.google.com/amp/s/www.wired.com/story/now-used-car-lot-great-electric-vehicles-cheap/amp
Why Electric Vehicle Sales Are About To Take Off
Electric vehicles are the proverbial cars of the future, rather than the present – but will that always be the case? Despite all the talk during the past decade, e-vehicles make up less than half a percent of the billion cars on the world’s roads. In France, for example, just 2 percent of the cars sold in 2018 were either pure electric or plug-in hybrid, and there were just 160,000 electric cars on the road at the end of the year, or 0.5 percent of the total fleet. The main reasons: Most consumers worry the battery will die on long journeys; and they find the vehicles simply too expensive.
An Oliver Wyman study indicates that the market is finally ready to take off, and it provides clues as to how automakers, dealers, energy providers, and other related players should position themselves. The study – based on two focus groups of 10 people and a web survey with 1,060 respondents – was conducted in France, but its lessons apply to other major markets, too.
Many people are extremely positive about electric vehicles: 76 percent declare an interest. But they are hesitating because of a belief that the cars are not yet ready and will only achieve mass-market status in another five years. Drivers question manufacturers’ promises on range and fear restrictions on the seemingly limitless travel they have grown to expect. And they doubt governments’ commitment to measures supporting electric-vehicle adoption and the rollout of charging infrastructure, suspecting a short-term reaction to recent news about diesel engines.
However, recent progress in batteries and charging infrastructure has brought electric cars close to the performance and economy drivers now demand. The problem is that few people realize this. Most tend to underestimate the latest vehicles’ ranges and to overestimate their overall cost. In particular, the total cost of ownership is surprisingly low, as the upfront price of the battery is outweighed by cheap recharging, while maintenance costs are also relatively low. Thirty-eight percent of respondents say they did not know about these low costs and that they have changed their perceptions after being informed of them
It’s soon to happen, mass adoption is right around the corner. Australian Mines is the stock to be in. The explosion in ev’s is about to happen and so demand for ev metals is about to explode also.
https://www.oliverwyman.com/our-expertise/insights/2019/jun/automotive-manager-2019/customer/why-electric-vehicle-sales-are-about-to-take-off.html
Are Electric Vehicles Near a Tipping Point?
Oil consumption continues to rise in the U.S. and around the world, but as electric vehicles keep growing as a percentage of vehicle sales, there will ultimately be a tipping point on multiple fronts. The first will be manufacturers investing in more EVs to ultimately overtake internal combustion engines, which is happening today from Tesla (NASDAQ:TSLA) to General Motors (NYSE:GM) to Porsche.
The bigger tipping point will be a peak in oil consumption that the world will (likely) never look back from.
EV sales are still booming
There's no question that Tesla has led the EV revolution the last decade, and it's helping drive the industry's growth. According to the website Inside EVs, Tesla has already sold 99,525 Model 3, S, and X vehicles in the U.S. through July 2019, and total U.S. EV sales across all manufacturers were 176,174 thru seven months of 2018, a 14.5% increase from 153,854 a year ago.
Global electric vehicle sales were 1,105,405 in the first six months of this year, a 46.9% jump from 752,690 a year ago. It's this growth on a global level that's going to lead to that tipping point.
No matter where you look, EV sales are going up. And in 2020 and 2021, there will be even more options coming to the market from Porsche, Ford, Kia, Mini, and many more.
Meanwhile, overall auto sales are falling
As EV sales are rising, overall vehicle sales are falling. You can see the steady decline in U.S. auto sales below, and according to the Center for Automotive Research, global auto sales are expected to fall by 4 million units in 2019 from about 79 million a year ago.
EVs are still only a fraction of total global sales with 2 million to 3 million vehicles expected to be sold this year. But sales are growing even as overall sales decline.
Why is oil consumption going up?
If EV sales are going up and auto sales overall are going down, then why is the chart above showing that oil consumption is rising? The two reasons: Larger vehicles, like trucks and SUVs, are a bigger portion of the sales mix, and people are driving more with the vehicles they have.
According to the U.S. Bureau of Transportation Statistics, total highway miles driven have been rising steadily since 2011, including during the period of declining auto sales that you see above.
In the U.S., light trucks are now a whopping 69% of the market. That includes small SUVs up to large trucks, but these vehicles are typically less efficient than cars, so as they increase in numbers, they increase oil consumption.
It'll take time to overcome the trend to larger vehicles and the higher oil consumption that comes with it. But remember that it was only a few years ago that oil consumption in the U.S. was declining because the economy was weak and fuel efficiency was going up. Trends can reverse quickly inside the traditional auto industry, and with EVs continuing to take share, a reversal in consumption growth could happen quickly.
s the tipping point coming?
EVs will continue to take market share in the auto industry, and for the companies investing in new technology, that may not change their volumes much. GM, Volkswagen, and Nissan are some of the early leaders in EV technology and will continue to increase EV volumes. Of course, Tesla will be leading the charge. Every automaker will be impacted by the growth of EVs, and those getting out in front of it will be best off financially.
Where there's more uncertainty on the investment impact is in oil consumption. If SUVs continue to rise as a percentage of overall sales, there could be an increase in oil consumption overall for years, but the share of EVs in the total vehicle population is simultaneously going up. If oil prices rise in response to greater fuel consumption, then it could make EVs look even better by comparison. Given the lower fundamental cost of operating an EV, there may be no going back once that happens.
When the recession hit in 2008, oil prices tumbled from over $140 per barrel to less than $40, and there was only about a 2% decline in overall demand. If EVs create a structural decline in oil demand, it could have a devastating impact on the oil industry -- and it's coming more quickly than it might seem.
All of this is good news for Australian Mines. It shows that the demand will be there for the foreseeable future.
https://www.fool.com/investing/2019/08/27/are-electric-vehicles-near-a-tipping-point.aspx