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    Home » Negative indicators portend electric vehicle calamity in ten years

    Negative indicators portend electric vehicle calamity in ten years

    February 24, 2019
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    Negative indicators portend electric vehicle calamity in ten years
    *Visitors look at an outdoor presentation of electric cars by auto manufacturers Smart, Volkswagen, Mini, and Opel as part of the German government’s “National Electromobility Development Plan”. Photo by Sean Gallup/Getty Images.

    24 February 2019, Sweetcrude, Lagos — Car demand will collapse as people move to cities. $100 billion was written off the stock value of car companies recently. The US economy is on a sugar rush from a trillion-dollar borrowing boost at the top of the cycle. Is climate change getting out of control in 12 years? These and many other negative indicators can portend a recession, maybe a severe one. What are the implications for EVs?

    Dr. Peter Harrop, Chairman of IDTechEx advises, “It is highly likely that at least one major car company will collapse even without a recession. Car sales could peak earlier than our current forecasts of ten years or so and impact even electric car sales.

    “No one will rescue a major just because it is promising to invest $10 billion in pure electric cars. At a minimum it will need to have strong EV sales of something: notably alternatives to the leading Nissan/ Renault, Tesla or Chinese pure electric cars selling so well.

    Also Read: Iran still holding up its end of nuclear deal, IAEA report shows

    “Better still they should be active in the EV markets that have more secure growth. They include unmanned mines to trucks, driverless city pods, boats, mobility for the disabled, silent air taxis allowed to fly all hours, regional airliners and even solar drones up for five years.

    “Investors may shun EV makers and their suppliers where they are excessively exposed to cars, though a collapse in electric car sales (as opposed to overall car sales) within ten years is not likely without a massive recession.”

    “Sensitive to this, IDTechEx forecasts EVs in over 55 categories embracing the many more profitable, less vulnerable sectors. For example, a new IDTechEx Research report covers, “Electric Motors for Electric Vehicles: Land, Water, Air 2019-2029”.

    The percentage of cost of an EV that is battery will drop in a few years but the number of traction motors + controls per vehicle is increasing.

    Also Read: NSE commends NNPC for championing cause of women engineers

    https://sweetcrudereports.com/2019/02/21/nse-commends-nnpc-for-championing-cause-of-women-engineers/

    Harrop adds, “Yes, shops already collapse in the face of internet shopping but that creates strong demand for pure electric delivery trucks. Yes, the Chinese control the demand and supply of over 90% of regular electric buses in the world but electrifying North American school buses just to reduce costs will create a yearly $4 billion new EV market in a few years.”

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