The adoption and development of EVs may be much faster than what we assume. The way industry biggies are focussing on the theme there ia every possibility of battery prices correcting by over 50%. This is major hursle overcome.
We have seen new lithium discoveries which will be operational over 5_6 years. The adoption will be in line with growth in solar power production, which has now become, arguably, cheapest. Although land requirement may be next big hurdle.
Development in EV space from here on will be on faster mode, and economical. The infrastructure scale up in EU will lead followed by othera.
Govt across globe will come out with policies favourable for sector.
World is changing fast, and deapite all negatives of cost ans infrastructure the segment is galloping. So the consumer preference is tilted towards this, and the moment its cost is viable switch will be complete. I think pwople will not mind paying 10-15% extra foe an EV.
Except breakthrough in Hydrogen Fuel Cell, EV will lwad the transition.
Methanol will rwmain industrial solvent for years to come. I dont think its a viable proposition.
| Subscribe To Our Free Newsletter |
