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Author Topic: Electric Vehicles  (Read 6099 times)

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AGelbert

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Re: Electric Vehicles
« Reply #300 on: September 27, 2017, 05:32:13 pm »
Top Mining Firm: 2017 Is “Tipping Point” For EVs

September 27th, 2017 by James Ayre

SNIPPET:

An exec of one the top mining firms in the world, BHP, was quoted on Tuesday as saying that 2017 represented the “tipping point” for electric vehicle adoption.

That exec — chief commercial officer Arnoud Balhuizen — argued that the first impacts of the expected mainstream embrace of electric vehicles would be observed in the metals market, with impacts to the oil market only being observed much later.

Notably, Balhuizen identified copper as the metal that would be most/first impacted — as most of the world’s copper mines are faltering in output and there have been no large discoveries in over two decades now. As a result, the BHP exec argued that supply will struggle to keep up with demand.

“In September 2016 we published a blog and we set the question — could 2017 be the year of the electric vehicle revolution?” commented Balhuizen. “The answer is yes … 2017 is the revolution year we have been speaking about. And copper is the metal of the future.”

Copper rods

Quote
Though, he also noted: “The reality is a mid-sized electric vehicle still needs subsidies to compete … so a lot will depend on batteries, on policy, on infrastructure.

Reuters provides more:    

https://cleantechnica.com/2017/09/27/top-mining-firm-2017-tipping-point-evs/
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