Followers of ARPN may have noticed that much of our recent blog coverage has focused on EV battery tech. Here are a few examples:
Of course, there are good reasons for focusing on this field – and once more Visual Capitalist has done a great job capturing some of them in a new infographic.
The rise of the electric vehicle – and especially its pace – has taken many by surprise. Analysts at Morgan Stanley estimate that four of every five cars sold worldwide by 2050 will be battery-driven EVs. As the infographic shows, Morgan Stanley analysts further believe that the number of cars with internal combustion engines (ICEs) are to be surpassed by battery-electric vehicles (BEVs) before 2015, as the BEV fleet hits one billion.
Whatever the adoption timelines ultimately may be, our friends at the American Exploration & Mining Association are spot on with their tweet about what the electrification of vehicles means for the resource realm: “4/5 cars sold in 2050 will be electric. 5/5 will require minerals like cobalt, lithium & iron.”
It is time for policy makers to follow up the release of the Department of Interior’s list of 35 metals and minerals deemed critical to U.S. national security with comprehensive policy reforms that help secure domestic supplies of these and many other materials.