Welcome to the fast lane for electric cars everybody. Now even this very impressive chart above has changed dramatically. In our conversations cost of lithium batteries is one of the major tipping points for all cars to become electric in the very near future. The mass media and broader public are still totally missing the point of the recent, maybe, the most important announcement by Elon Musk. Tesla can already make lithium batteries for Model S and X with all-in cost of $190 per kWh. Now we should move our discussion from "If" To "When" all cars will be electric. As you can imagine, this groundbreaking shift will affect all forecasts for lithium demand as well. We will have not 10%, 20% or 40% of EVs - ALL cars will be electric.
As Tony Seba has pointed out: once the cost of rooftop Solar energy generation becomes cheaper than the cost of energy transmission local Solar will make all centralised nuclear, gas and other Energy sources obsolete in general. We have the Energy World just before the INTERNET. We are moving from Data Storage to Energy Storage. The same is happening with electric cars: once you can have an electric car with better performance than ICE, which is cheaper as well, whole industries will be gone. We are witnessing the generational disruption of the world as we know it by lithium technology making cheap and efficient Energy storage reality.
Cheap Lithium Batteries Change Everything: EVs Sales Rising Exponentially And Solar Energy Storage Next.
"InsideEVs brings to our attention the major driving force behind the exponential growth of sales for EVs from the very low base. Cheap lithium batteries change everything. Tony Seba is the best to explain why all cars will be electric by 2030.Elon Musk with Tesla Motors is doing this trick and now Tesla Model 3 will ignite the real transition to the best cars which just happen to be electric.
Oil and Auto industry are poisoned by their own toxic cancer hazard emissions from diesel and gas powered ICE engines and still in denial at their own peril about the dramatic shift in technology announced by Elon Musk last month. Now even truly rEVolutionary estimations for the cost of lithium batteries by Tony Seba are not relevant any more.
Elon Musk has announced that Tesla can already produce lithium battery with all-in cost of $190 per kWh. Mass production of batteries at Gigafactory will bring cost even lower, next stage will be Lithium Solid State with prices at $100 per kWh and Tesla Model S and X with over 500 miles range. I believe that Elon Musk is already working on LSS at Gigafactory. Dyson has joined the lithium race as well and bought out Lithium Solid State pioneer Sakti3 with promise to invest $1 Billion to commercialise this technology. Lithium Air is still years away from the field applications, but this lithium technology promises to bring us batteries with cost below $100 per kWh and electric cars with 1,000 miles range. Solar Energy Home and Utility Storage Systems will benefit next from this dramatic decrease in technology cost and will become even larger market for lithium based batteries. We are talking here about disruption of $4 Trillion Transportation and $8 Trillion Energy Industries. Lithium is the magic metal at the very heart of this Energy rEVolution.
International Lithium continues to build vertically integrated lithium business with $4.5 Billion MC giant from China Ganfeng Lithium and now we have 3 Lithium projects in our Upper Canada Pool to secure lithium supply for the West and North American market. Read more."
Updated by Brad Plumer