Although the state subsidy for electric cars has been canceled, manufacturers are being accommodating and prices have fallen.
Many manufacturers are compensating for the loss of the bonus for electric vehicles, so most of those affected need not worry. Interestingly, the prices of many of the all-electric, environmentally friendly vehicles have fallen significantly since then. In terms of overall vehicle costs, e-vehicles are now often cheaper than combustion or diesel cars, according to a calculation made by the ADAC.
Forecasts for 2024 assume that more than two million new electric cars will be registered in Western Europe. This would represent growth of 5.7 percent, which is less than in the previous year. Norway and Sweden will also see fewer new registrations this year due to so-called pre-shift effects. Nevertheless, the triumphant advance of e-cars will continue. In Norway, for example, only e-cars will be allowed to be newly registered from 2025. Significant growth in new registrations of electric vehicles is expected in France, Belgium and the United Kingdom due to government subsidies.
The demand for lithium-ion batteries and therefore for lithium will continue to rise worldwide. Around 70 percent of battery demand comes from the electric car sector. The areas of stationary power storage and new applications will further increase demand. It will be some time before alternative battery solutions that do not require lithium are ready for the market. Metal-air batteries or sodium or zinc instead of lithium are still at the development stage. Often there is a lack of energy density, or the batteries are too large.
As lithium-ion batteries will continue to lead the way for a long time to come, investors can bet on lithium, for example with U.S. Critical Metals or Targa Exploration.
Targa Exploration - https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ - has promising lithium projects in Quebec, Saskatchewan, Manitoba and Ontario. The portfolio also includes a gold project.
U.S. Critical Metals - https://www.commodity-tv.com/ondemand/companies/profil/us-critical-metals-corp/ - owns lithium, cobalt and rare earth elements in its projects (in Nevada, Montana and Idaho), which means that the projects are located in the USA and not in critically classified countries, which is an advantage.
Current company information and press releases from U.S. Critical Metals (- https://www.resource-capital.ch/en/companies/us-critical-metals-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Many manufacturers are compensating for the loss of the bonus for electric vehicles, so most of those affected need not worry. Interestingly, the prices of many of the all-electric, environmentally friendly vehicles have fallen significantly since then. In terms of overall vehicle costs, e-vehicles are now often cheaper than combustion or diesel cars, according to a calculation made by the ADAC.
Forecasts for 2024 assume that more than two million new electric cars will be registered in Western Europe. This would represent growth of 5.7 percent, which is less than in the previous year. Norway and Sweden will also see fewer new registrations this year due to so-called pre-shift effects. Nevertheless, the triumphant advance of e-cars will continue. In Norway, for example, only e-cars will be allowed to be newly registered from 2025. Significant growth in new registrations of electric vehicles is expected in France, Belgium and the United Kingdom due to government subsidies.
The demand for lithium-ion batteries and therefore for lithium will continue to rise worldwide. Around 70 percent of battery demand comes from the electric car sector. The areas of stationary power storage and new applications will further increase demand. It will be some time before alternative battery solutions that do not require lithium are ready for the market. Metal-air batteries or sodium or zinc instead of lithium are still at the development stage. Often there is a lack of energy density, or the batteries are too large.
As lithium-ion batteries will continue to lead the way for a long time to come, investors can bet on lithium, for example with U.S. Critical Metals or Targa Exploration.
Targa Exploration - https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ - has promising lithium projects in Quebec, Saskatchewan, Manitoba and Ontario. The portfolio also includes a gold project.
U.S. Critical Metals - https://www.commodity-tv.com/ondemand/companies/profil/us-critical-metals-corp/ - owns lithium, cobalt and rare earth elements in its projects (in Nevada, Montana and Idaho), which means that the projects are located in the USA and not in critically classified countries, which is an advantage.
Current company information and press releases from U.S. Critical Metals (- https://www.resource-capital.ch/en/companies/us-critical-metals-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
