Alarmguy posted this recently re: EVs -
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…………
Where is the Electricity going to come to charge EVs ?
I see that many are excited about EVs, I can understand part of it but I myself stand by my thoughts that it will not be possible for EVs to come close to replacing gasoline vehicles for at least 20 years, more or less I can see EVs maybe getting to a saturation point of 20% of new vehicle...
bobistheoilguy.com
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…………
