Again, you proceed from a false premise, Nowhat.
As stated in "Car Wars," from the latest edition of Resource World Magazine:
"Here's a rebuttal to this rather uninformed view: electric grids are getting greener all the time as cheaper renewable sources of solar, hydro and wind power are added to the grid, as the cost of solar and wind are also continuously declining and are already cheaper than fossil fuel generation."
Other excerpts:
* EV battery costs are falling at about 15% per year and, projecting forward three or four years, EVs will achieve price parity with ICE cars;
* Once parity is achieved, everyone will buy electric cars because of their many advantages over ICE cars, including:
-- EVs are 4 to 5 times more efficient than fossil fuel cars because electric motors are 90-95% efficient whereas ICE vehicles, despite 100 years of continuous research, development and investment, are only 17-21% efficient. Most of the energy from burning gasoline is wasted as excess heat;
-- EVs are more reliable as they have only 20 to 30 moving parts as opposed to approximately 2,000 moving parts in a typical ICE vehicle. EVs don't need much regular servicing -- basically tires and wiper blades;
-- EVs have greater longevity. Though the Tesla Model S has only been around about 5 years, Tesla owners have banded together to plot their mileage against battery degradation in a collective database. Their massive spreadsheet shows that there is virtually no degradation in the batter packs. Current projections suggest that Tesla motors and batteries will last for 600,000 miles or more -- two to three times as long as ICE engines; and
-- Besides having zero emissions and lower carbon footprints, EVs kick butt. The Tesla Model S will do 0 to 60 mph in less than 3 seconds. Youtube is full of videos of the Model S beating Porsches and Ferraris. EVs are also safer, quieter, corner better and have more room for passengers and luggage. They corner better because the heavy battery pack is in the floor, lowering the center of gravity and adding to the rigidity and crashworthiness of the vehicle. The electric motor is small enough to be located on the front and rear axles freeing the front engine compartment for additional storage.
* Hence, EVs are expected to gain significant market share, up to 25% by 2025 for these reasons, plus the fact that government regulations in China, Europe and California (so far, other U.S. states are coming on board)mandate that zero emission vehicles must be used in the future. For example, China has mandated that 10% of new vehicle sales in 2019 must be zero emission vehicles. Since China is the largest car market in the world and sill growing, there has been a stampede of car manufacturers building new electric vehicles to comply with this mandate. More than 100 new electric models will hit the market in the next few years, of all shapes and sizes;
* As car companies pour billions into EV technology, battery improvements in terms of cost and capability will rapidly evolve. For example, the battery in the new electric 2018 Nissan Leaf is twice as powerful as the original model introduced in 2011, but it is the same size. This gives the car twice the range or the original but at a lower sticker price. This trend will continue;
* Because ICE manufacturers and car dealerships will find it difficult to make money on service and parts for EVs, as well as making money selling ICE vehicles, they will be forced into broader business plans, offering transportation as a service. A parallel development complementing the penetration of EVs into the transportation market in the advance of autonomous driving technology. Ultimately, in 10-15 years time, fleets of EV taxis could satisfy urban transportation needs, operating continuously, reducing urban parking demand and being recharged at taxi depots reducing the infrastructure demands to charge privately owned vehicles; and
* there will be a real challenge to commodity producers (like LAC) to supply the enormous amounts of lithium needed to meet the change in structure of the transportation industry with regard to battery powered vehicles. A bull market in all battery commodities, including lithium is before us.
GLTA! LAC longgggggg!!!!
