Westport Fuel Systems Inc (WPRT)

[pack10]

Another great article on why Ev's cost is SOOOOO High!!! Guess NatGas powered class 6 - 8 trucks are going to be the hot ticket.

The world simply can’t get enough lithium to feed its electric vehicle demand, and China in particular is leading the pack. The government is strongly behind the electric vehicle push, and Chinese companies are scrambling to secure stable lithium supplies.

Lithium has been one of the hottest commodities for the past two years, driven by the increasing demand from the electric vehicle revolution. China, which is already the world’s largest manufacturer and consumer of electric vehicles, is moving to secure sufficient lithium supplies for its envisioned all-electric future. The government just extended its tax rebate on electric vehicles until 2020, lending further support to electric vehicle demand.

As electric vehicles continue to gain market share, China is right at the top driving a substantial portion of that demand. According to a new report by Bank of America Merrill-Lynch, electric vehicles are forecast to reach a global market share of 34% in 2030 and 90% in 2050. The analysts note that they expect China to maintain its estimated 50% market share of global electric vehicles up to 2030.

PS Elon predicted this almost a year ago.