Half a trillion dollars. This is the price tag of the EV revolution, according to an analysis of global carmakers’ EV plans that Reuters did last year. The exact figure was $515 billion, with the timetable running to 2030, and, as Reuters noted in the analysis, it was significantly higher than a previous forecast that put the price of the EV revolution at $300 billion. Blame it on natural inflation and more ambitious plans.
Questions as to “whether carmakers took the time to study in depth the supply and demand balance in the mineral resources market and the outlook, in light of their plans.”
“Planned bans on internal combustion engine vehicles might have to be reconsidered, just like nuclear and coal plant closure plans have been reconsidered in Europe.”
It looks like there will be a lot reconsidering going on. How much of all these billions already spent will be wasted or found to be poorly invested? It’s like common sense has left our planet. “Reality is what you run into when you’re wrong.”
Questions as to “whether carmakers took the time to study in depth the supply and demand balance in the mineral resources market and the outlook, in light of their plans.”
“Planned bans on internal combustion engine vehicles might have to be reconsidered, just like nuclear and coal plant closure plans have been reconsidered in Europe.”
It looks like there will be a lot reconsidering going on. How much of all these billions already spent will be wasted or found to be poorly invested? It’s like common sense has left our planet. “Reality is what you run into when you’re wrong.”