Buying an Electric Car? Things you might want to consider?
Well, I feel it will come down to the mass adoption of the electric car, or van. But hang on, when do we have to convert to the new electric version or even hybrids for that matter. Sales of these highway munchers have seen a meteoric rise over the past year or so.
The latest blub from the UK Government says, on or around 2030 new cars/vans powered with diesel or petrol, will be phased out. Now slightly more controversial in my view, from 2035 the sale of hybrids, will come to a sticky end. Therefore from 2035 all cars and vans must be fully propelled by electric.
The AA President recently commented that he felt the 2030 target as “incredibly ambitious”.
Mr. King went on to say, “considerable investment” is a necessity, along with a greater focus on the expansion of electric vehicle charging points.
The sale of the electric car stable is up around 100% year on year, this is where the unknown is holding back this new technology, things like distance travelled on one charge, resale, and repair costs once out of warranty, all factors the EV industry must overcome.
Demand for electric vehicles has grown exponentially, bringing about technological growth, and the implementation of some extremely attractive cars into the market.
Is a lithium power pack the answer?
The answer, who knows?
Let’s look at what’s going on, or off, whichever the case may be.
BNEF (BloombergNEF) projects that the cost of a lithium-ion EV battery pack will fall below US$100 per kilowatt-hour by 2023, or roughly 20% lower than today.
Is lithium rare, or even scares. The BNEF has an estimated 21,000,000.00 tons, reporting by US Geological Survey. 2050 is being muted as the time frame before this resource may diminish.
We have a big challenge, as we move to electric vehicles, thereby productivity must be stepped up within the manufacturer of lithium batteries, this will lead to a supply and demand.
Ampofo says. “It’s going to grow by about seven times between 2020 and 2030.”
Could we in 10 to 15 years find ourselves with a new alternative being sort after?
“As more processing capacity is built, these shortages are likely to work themselves out,” says Haresh Kamath, of the Electric Power Research Institute in Palo Alto, California.
I for one am sat firmly on the fence, electric or not electric, being a petrol head with a need for speed, noise, and the smell of fumes, for me it will be a hard road ahead, but I guess one I will eventually take. It may not be electric, but as long as it’s fast, goes round corners with an abundance of accuracy, is cost-effective, and helps the environment, I’m all in.
Over & Out, till the next time.
Dave – The Straight-Talking Guy.