Australian Mines LTD (AMSLF)

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Diesel Takes Backseat, Electric Vehicles (EVs) to Drive Global Powertrain Market in 2019

Stringent emission norms to reduce the uptake of conventional diesel engines, while stimulating plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) sales.

Diesel vehicles have a tough year ahead, thanks to stringent emission regulations formulated by several countries, while the sales of electric vehicles (EV) are set to boom, finds the Global Powertrain Outlook, 2019. Diesel vehicles witnessed a strong decline in sales in 2018 across key European countries as consumers started moving towards cleaner technologies.

So EV sales boom and fossil fuel vehicle sales decline. That is the trend and it will not stop. Because of this, EV battery metals will start to have shortages starting in mid 2020. Almost perfect timing as Australian Mines LTD (AMSLF) Sconi mine plant will be nearing completion. Expect AMSLF's stock to soar.

https://ww2.frost.com/frost-perspectives/diesel-takes-backseat-electric-vehicles-evs-to-drive-global-powertrain-market-in-2019/