Hi
Was going through some old reports on EV and automation of vehicles to see how predictions are panning out. One interesting slide from 2016 by McKinsey below
Rgds
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Donât see an electric version of good 4x4 SUV soon
Mahindra Thar electric not sexy
Electric cars are costly toys
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Is there any reference document available for setting up EV Charging point or station?
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Hereâs one bse listed company forayed into e vehicle.
http://www.kpt.co.in/vehicle/e-vehicle/
Amit Anam
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Electric Vehicles - Setting a Course for 2030 Sep 2020.pdf (3.0 MB) Electric vehicles
Setting a course for 2030 - Deloitte Report
Extract :
In this report, we use the term electric vehicles (EVs) to refer to battery electric vehicles (BEVs), as well as plug-in hybrid electric vehicles (PHEVs).1 Unless specifically stated, our analysis has considered both forms of drivetrain.
⢠BEVs are powered solely by batteries. They use an electric motor to turn the wheels and produce zero emissions.
⢠PHEVs are capable of zero-emission driving, typically between 20 and 30 miles, and can run on petrol or diesel for longer trips. As the name suggests, they need to be plugged in to an electricity supply to maximise their zero-mission capability.
⢠ICE - An internal combustion engine (ICE) is a heat engine in which the combustion of a fuel occurs with an oxidizer (usually air) in a combustion chamber that is an integral part of the working fluid flow circuit.
China continues to dominate the EV market, accounting for half of all vehicle sales.
The world outside Europe, China and the United States is lagging behind in terms of electric vehicles sales.
The United Kingdom committed to a target of net zero emissions by 2050, and proposed a ban on the sale of all polluting vehicles by 2035.4 Germany plans to cut greenhouse gas emissions by 40 per cent by the end of 2020, by 55 per cent by the end of 2030 and up to 95 per cent by the end of 2050, compared to 1990 levels
EV GROWTH BEYOND 2030
Beyond 2030, we expect the rate of growth in EV sales to slow. Some markets will be unable to support the transition to EVs in the same way that wealthier nations will over the next decade. Consider that, beyond 2030, one of the key factors in sustaining growth will be the implementation of suitable charging infrastructure. This requires multi-billion-dollar capital investments â achievable in some markets through a combination of public and private investment, but unlikely to be achieved uniformly around the world. In countries that cannot invest in charging infrastructure, we expect the market for ICE vehicles to remain for some time.
As part of a $146 billion economic recovery plan, Germany has designated $2.8 billion to EV charging infrastructure and announced new legislation that will oblige all fuel stations to have an EV charging point.19 This is significant
progress in a country where driving range and lack of charging infrastructure are the two biggest barriers for consumers. China has made similar commitments, announcing an additional $378 million investment in charging infrastructure
as part of a COVID-19 recovery plan.
We are seeing an increasingly important role for corporates to support the transition to EVs, using the three factors highlighted above to their advantage. Sales of new cars to businesses represents a significant proportion of all cars sold. For instance, Deloitte previously predicted that corporates would account for 63 per cent of total new car sales across Western Europe by 2021.31
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Hi
Some more inputs I gathered to understand the landscape.
Morgan Stanleyâs EV penetration curve as in October 2020
Indiaâs EV forecast below by Morgan Stanley (blue bars).
Long way to go for EV adoption at home.
Growth projection in Lithium & Cobalt demand by McKinsey
Some background information on a few of the large lithium and cobalt suppliers.
Zhejiang Huayou Cobalt is 1 of the largest Co miners in the world. Democratic Republic of Congo has 50% of worldâs deposits & controls 2/3 of supply. Huayou, Chinaâs top cobalt refiner, mines & sources Co in Haut-Katanga province through subsidiaries CDM & Minière de Kasombo.
According to a joint Amnesty International and African Resources Watch report, [Congo DongFang International Mining, a subsidiary of Huayou Cobalt, sources cobalt from primitive âartisanalâ mines in the Democratic Republic of the Congo, where there are few worker protections and child labour has been employed. Mining is essentially done by hand. Apple Inc. said that approximately 20% of the cobalt in Appleâs batteries were sourced from Huayou Cobalt. In response, Huayou Cobalt admits to having âinsufficient awareness of supply chain managementâ, and did not know that buying artisanal cobalt would increase child labour. In 2016, Apple said that starting in 2017, they will treat cobalt as a conflict mineral, and require all cobalt suppliers to agree to outside supply-chain audits and risk assessments. After a 2017 Sky News follow-up that showed that child labour continued to be utilised, Apple said it stopped buying cobalt mined by hand in DRC entirely. (01-16-2019) Ford (NYSE:F) initiated the project with IBM (NYSE:IBM), LG Chem (OTCPK:LGCLF) and Chinaâs Huayou Cobalt to ensure the mineral used in lithium-ion batteries has not been mined by children or used to fuel conflict. The typical electric car battery requires up to 20 pounds of cobalt, and by 2026, demand for cobalt is expected to multiply eightfold. Recently workers died of COVID-19 at the mines.
Source: Wiki & Reuters
Jiangxi Ganfeng Lithium is Chinaâs largest Lithium refine. It does its operations in Argentina. Its refining methods have impacted water supply in the region. The company does not respond to enquiries on the subject for over 1 year.
Source: Business & Human rights commission
Sociedad QuĂmica y Minera is the worldâs largest Lithium producer. Its production facilities are in 1 of the driest places on the planet- Atacama desert.The company is involved in bribing Chilean politicians, doing tax evasion & other civil & criminal crimes. ~25% is held by China
The Lithium Triangle is a region of the Andes rich in Li reserves around the borders of Argentina, Bolivia & Chile. The Li is concentrated in various salt pans that exist along the Atacama Desert & neighbouring arid areas. The area holds 54% of the worldâs Li reserves.
Rgds
Deepak
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Tesla to open up a factory in Bangalore
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Avendus report
img-5efde54946e837.06392761-EVReport2020-Avendus.pdf (5.9 MB)
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Hyundaiâs $900 million recall is a cautionary tale for all EV makers
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HYDROGEN FUEL CELLS-primer.pdf (1.1 MB)
Primer on Hydrogen Fuel Cells by Phillip Capital
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Hello everyone. I read this article on EVs (Tesla India: Wanna catch âem young? Hereâs the scuttlebutt on EV frontrunners - The Economic Times)
It says that IT companies will benefit. Could someone please elaborate how exactly IT will benefit and whether it is a direct play on EVs- as automotive as end-user as % of revenue would not be very large I am guessing?
Disc: no holdings in any IT company, auto OEM, auto ancillary or power company.
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to my limited understanding, lot of EV components are digitaly driven e.g. dahsboard that is fully digital/custimizable units one can chose to see on the dashboard. such components will require stronger software integration thus driving higher demand for software services for EV.
Additionally, connected aspact of EV that will allow monitoring, over the air software upgrades etc. will need enhanced digital security. For example Ather 2 wheeler are always connected through 4G and recieve over the air upgrades.
hope it makes sense.
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Hello everyone. I read this article on EVs
It says that very few banks are giving car loans for EVs -âSMEV said a strong bank finance mechanism for EVs is still missing with only a few banks like SBI and Axis, offering loans on select modelsâ
Does anyone know why is it that banks are reluctant to lend for EVs?
Disc: no holdings in SBI, Axis Bank, any auto OEM, auto ancillary or power company.
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It seems very likely that electric cars and buses are bound to gain traction in India. Globally, the industry is expected to grow at a CAGR of 29% through 2030.
I am personally invested in Sintercom India. The company is developing components for EV. Further, MIBA has 26% stake in the company, which provides Sintercom with an technological edge.