Finally, Business Insider and Bloomberg are spelling out it to the public: all cars will be electric and very soon. The Holy Grail for EVs - lithium battery cost of $100 per kWh is already within reach with GM Bolt announcing that LG Chem has priced its lithium battery at $145 per kWh for Bolt. LG Chem was not very happy with it, as I believe that they are losing money on that offer, but mass market for EVs will take us there very fast. Tesla Gigafactory will intensify this race to the cheaper lithium batteries and Lithium Solid Sate will open the door wide open for this dramatic price cut on industrial scale. Convergence of two groundbreaking events in our Energy rEVolution: GM Bolt and Tesla Model 3 for the mass market; and new massive lithium battery capacity being built by Tesla at its Gigafactory and Megafactories by BYD, Foxconn, LG Chem, Boston Power, Samsung and A123 - will bring us in the next 5 years more advance in lithium technology and electric cars than the last 50 years.
Lithium Solid State Race Against Oil: Dyson Challenges Tesla With $1.4 Billion Battery Tech Investment.
Sir James Dyson.
"Nobody is challenging Tesla with anything or racing in the "Solid State Lithium" - Bloomberg and myself are just getting your attention. People have totally forgotten how to read and that before investing and chasing Unicorns this is the first thing you have to do. Read. Read a lot and only sometimes invest. What is the real story here?
You are very lucky already if you can read and alive now, during the Next Industrial rEVolution. The World Is Just Before The INTERNET - In Energy Space. Everything else is below on the links: Why Lithium will power us for the Next 50 Years? What is Solid State Lithium and when is Lithium Air coming? And why Diesel and Petrol Cars will become obsolete in the next 15 years?
It could be all unrelated to your life pure scientific questions before you know that few billionaires are very quietly collecting more billions of dollars by disrupting $12 Trillion industries of Energy and Transportation. List is who is who in the business world: Elon Musk, Warren Buffett, Richard Branson and James Dyson.
On the link with Lithium-Air battery you can find the best videos about batteries, so that you can stop asking questions why Lithium and why it will power us for The Next Fifty Years and after that Robots. The most important questions will remain where are the Google, Apple and Facebook in this Lithium Universe? Read more."
International Lithium Corp. Acquires High Grade Raleigh Lithium Project Near Mavis; Creates Upper Canada Lithium Pool a New Multiproject Initiative
International Lithium President, Kirill Klip comments “International Lithium is beginning a new phase of strategic developments through this new acquisitions and strategic partnerships. The availability of affordable electric cars is almost here with models like GM’s Bolt and Tesla’s Model 3 coming into production this and next year. This will greatly increase the demand for lithium batteries in North America. Our new strategy recognizes this opportunity and we seek to meet the demand for lithium in North America’s massive automotive markets. Together with Ganfeng Lithium we continue to advance our projects in Argentina and Ireland building on a vertically integrated lithium business in China, the centre of today’s lithium industry where prices for the green energy metal are currently escalating. Newly formed alliances with companies like Pioneer Resources, will help us focus our expertise in recognising opportunities and building up a resource base, while minimising our capital outlay to advance the projects to build the secure supply of lithium for the North American market.” Read more.
One of the most expensive parts — if not the most expensive part — of an electric car is its battery.
So when car companies are able to make batteries cheap enough to put electric vehicles (EV) on par cost-wise with gas ones, they'll finally have a chance to mainstream.
Well, we're just about there.
Researchers estimate that once EV batteries cost $150 per kilowatt hour(kWh), they'll be cost-competitive with gas vehicles. For context, a fully-charged Tesla Model S 90D can go about 270 miles on its 85 kWh battery, according to the company.
EV batteries have dramatically dropped in price over the last five years, according to the United Nations-backed report, Global Trends in Renewable Energy Investment 2016, released March 24.
In 2010, the global average was $1,000 per kWh. By last year, it had fallen to $350 per kWh.
You can see the incredible change in this chart from the report, with a dramatic drop in cost between 2014 and 2015:
"[The cost declines] reflect improvements in battery chemistry and in manufacturing processes, economies of scale as factories get larger, and aggressive pricing by large battery makers looking to defend market share," the authors write.
You can see the effects these declines are having on electric cars coming to market today, too.
Tesla's highly anticipated Model 3 will be priced at about $35,000. And the Chevy Bolt, expected for late 2016, will cost $30,000.
Consumers are already responding to these price drops.
In 2015, 462,000 people around the world bought electric cars, according to the report — up 59% from the year before.
If batteries keep decreasing in price at this rate, a report from Argonne National Laboratory predicts that electric cars will make up 58% of the light vehicle market by 2030. And by then, non-hybrid gas cars will comprise less than one-fourth of the market.
Hopefully in the next decade or so we'll adopt even more renewable energy to charge these cars with, so they can displace even more carbon emissions than they already do.
Right now, electric cars are on the verge of going mainstream. Charging stations are proliferating (though not yet quickly enough). As EV batteries keep dropping in price and electric cars get cheaper, more and more people will decide an electric car is the choice for them — so we'd better build out the infrastructure needed to keep them charged."