Australian Mines LTD (AMSLF)

[GetRich902902]

EV growth stifled by battery shortage right now!

Sales of battery electric vehicles (BEVs) are increasing rapidly: in May, they were up 81% compared with May 2018, while year-to-date they have increased 60%.
However, the actual number sold remains small. So far this year, just 9,489 have been registered, accounting for 0.9% of the overall new car market.
This is out of step with reported interest in the technology. A recent Fleet News online poll saw 21% of company car drivers say they were ready to switch to a BEV.

The level of interest in the retail market is even greater, with research from Close Brothers Motor Finance finding 39% of respondents are considering a BEV as their next purchase.
So why is the actual number of registrations so low? The simple answer seems to be that supply of BEVs cannot keep up with demand with carmakers often citing battery shortages as the reason.

Get on this Australian Mines LTD (AMSLF) high speed train. This is going to take off soon. ALL ABOARD!

https://www.fleetnews.co.uk/cars/electric-cars-and-hybrids/ev-growth-stifled