Electricity Source for EVs. No Worries Because There’s No Batteries……

[dkryan]

Alarmguy posted this recently re: EVs -

https://bobistheoilguy.com/forums/t...ectricity-going-to-come-to-charge-evs.353366/

But according to the CEO of Rivian, it’s somewhat of a moot point for now as the batteries that need to be charged won’t exist. At least not in ten years.

Barron’s
Al Root
April 19, 2022


“The menu of shortages is expanding for car makers.

First, the appetizer: the chip shortage. The main course: batteries for electric vehicles.

The auto industry better get cooking.

R.J. Scaringe, the CEO of Rivian Automotive (ticker: RIVN), served up the prediction last week at a media tour of the EV startup’s plant in Normal, Illinois. Construction on a plant in Georgia plant is slated to open in a couple of years.

“Put very simply, all the world’s cell production combined represents well under 10% of what we will need in 10 years,” Scaringe told The Wall Street Journal. “Meaning, 90% to 95% of the supply chain does not exist …Semiconductors are a small appetizer to what we are about to feel on battery cells over the next two decades.”

Ford and SK Innovation (096770. Korea) are building plants in Kentucky. GM and LG Chem (051910. Korea) have a few plants in their plans, one in Michigan. Chrysler parent Stellantis (STLA) and LG are putting a plant in Windsor, Ontario, Canada—across from Detroit. Tesla buys batteries from many suppliers and has battery manufacturing capacity, too. And Rivian buys batteries from Samsung SDI(006400.Korea), and the companies have talked about a joint venture.

A handful of auto makers are even looking higher up the supply chain—at battery material miners and makers of batter components, such as cathodes. Price might be why.

A basket of metals that go into EV batteries is up almost 60% year to date, adding roughly $1,700 to the price of an average EV. Part of the reason for increasing prices is tight supply.

If auto makers hit their announced goals, the world should be buying 20 million to 25 million EVs by mid-decade—triple from 2022 sales expectations. That gives the EV supply chain only a couple of years to get ready.”


Place your bets…………

 

[Leo99]

Capitalism will solve this.

 

[alarmguy]

Capitalism will solve this.

It sure will and the Barrons article is a news story and prediction from one CEO of Rivian who also goes on in the story using those magical words "might" here is more of that story = (Barrons 4/19/22)


"General Motors (GM) wants to sell a million EVs a year in North America by 2025 and Ford Motor (F) has its sights set on 2 million a year around the globe by 2026. Wall Street projects Tesla (TSLA) will be selling 4 million to 5 million cars a year by mid-decade.

A lack of batteries might hamstring all that growth. That’s why all auto makers—Rivian included—are investing billions of dollars in new capacity, many with battery companies as their partners.

Ford and SK Innovation (096770. Korea) are building plants in Kentucky. GM and LG Chem (051910. Korea) have a few plants in their plans, one in Michigan. Chrysler parent Stellantis (STLA) and LG are putting a plant in Windsor, Ontario, Canada—across from Detroit. Tesla buys batteries from many suppliers and has battery manufacturing capacity, too. And Rivian buys batteries from Samsung SDI(006400.Korea), and the companies have talked about a joint venture.

A handful of auto makers are even looking higher up the supply chain—at battery material miners and makers of batter components, such as cathodes. Price might be why."

Ok, my take is this =
IF we could use predictions from Barrons on a yearly basis no one would need to work, we would all be rich. Its all good, just the way I see it.
Lets keep in mind, the batteries that exist today will no longer exist either. The new ones will be solid state batteries. That will be the game changer I think in 15 to 20 years. Charging a car as fast as filling a tank with gas.

Roughly 70 to 80 million cars are sold world wide each year, so these EV numbers still tiny.

Lets us not also forget, there is a shortage of everything right now in every aspect of our lives because of Covid which is still effecting production around the world and will still take another 2 years to fully recover or maybe a little less if we enter a recession which will give time for production to catch up. Parts of China shut down again because of Covid.

 

[Rmay635703]

Rivians is not in the business to sell cars like Toyota, it is in the business to sell stocks. Don't worry about the battery supplies.

Yeah, I’ve always been extremely skeptical of Rivian, it made its initial cash renting its facility to VW to hold dieselgate cars.

Their proposals never looked like something with for a mass market and their technical expertise is questionable

All smelled of scam