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Discussion Starter #1
We may all be hoping for electric vehicle prices to go down, but that may be out of the manufacturer's hands because of the minerals required. I just read this piece from Bloomberg about cobalt mining and how mining companies are dictating the price of these minerals. interesting read and it makes me wary of the future if the supply cannot meet demands.
https://www.bloomberg.com/graphics/2018-cobalt-batteries/
 

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Seems like the industry will be better off finding alternatives but often there are and we don't know about them till its ready to be released. Car makers want to bring down price on EV's as their success depends on it so who knows, something might come up soon enough.
 

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Discussion Starter #3
There's such a push for affordable electric vehicles and they've come so far with bringing prices down. Would be a shame to go backwards and make it unobtainable again.
 

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There's such a push for affordable electric vehicles and they've come so far with bringing prices down. Would be a shame to go backwards and make it unobtainable again.
There's no going backwards but instead very much the opposite, the only difference is that currently things are progressing slow but steady.
Its why car makers have to give this tech more of a luxurious appeal rather than go right to pure eco-friendly efforts.
 

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Car companies will have to make serious investments if the collection of resources to make EV's cant keep up with demand. Seeing as how many different states across the U.S plan to ban fuel vehicles by 2040, there will be a huge transition towards the mining/ gathering of resources for electrics. Right now their resources are split across the two markets, but in the coming years that will change.
 

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Its just a simple supply and demand situation where they will run these resources till they no longer make sense to use. I bet by now there are companies planning what next will be in batteries. A quick google search already brings up a lot of other options.
 

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I mean using up all our natural resources, doesn't exactly line up with the whole premise of EV vehicles. Im sure car companies have a long road map of the various resources they can draw from, but if they aren't sustainable then there isn't really much point. Simply removing the emissions these cars produce, is only the first step in reducing our ecological footprint.
 

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I mean using up all our natural resources, doesn't exactly line up with the whole premise of EV vehicles. Im sure car companies have a long road map of the various resources they can draw from, but if they aren't sustainable then there isn't really much point. Simply removing the emissions these cars produce, is only the first step in reducing our ecological footprint.
Right now that's what it has come down to, these cars are just another product to peddle instead of being truly green. If you look at the numbers there's little progress. You're buying these because you like the tech, not to save the world. But I guess some progress is better than no progress.
 

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A shift away from ICE's is a step in the right direction at least. Although it'll still be awhile before we see completely sustainable modes of transport, at least manufacturers are investing huge amounts of money into new technology that no one ever thought would catch on. The push towards electrics at least shows, that people realize there are acceptable alternatives to traditional combustion engines and who knows what concepts we will see in the future.
 

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A shift away from ICE's is a step in the right direction at least. Although it'll still be awhile before we see completely sustainable modes of transport, at least manufacturers are investing huge amounts of money into new technology that no one ever thought would catch on. The push towards electrics at least shows, that people realize there are acceptable alternatives to traditional combustion engines and who knows what concepts we will see in the future.
So you don't think the hundreds of billions being invested right now from a number of cars makers globally isn't a sign of that?
Keep in mind that's just money they are putting in right now meanwhile other car makers haven't announced what move they will make.
 

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So you don't think the hundreds of billions being invested right now from a number of cars makers globally isn't a sign of that?
Keep in mind that's just money they are putting in right now meanwhile other car makers haven't announced what move they will make.
A sign of what? You have to spend money to make money and manufacturers know that in a few years, the only market that'll see a huge spike in sales will be the hybrid/EV segment. There are also a lot of independent companies introducing cheap electric alternatives and should they catch on, it'll be interesting to see what impact that has on the price of current EV's.
 

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Discussion Starter #12
Investing for the future is part of business and BMW is moving ahead by trying to secure a 10-year supply of cobalt and lithium for their future batteries. A German publication was told by Markus Duesmann, BMW’s head of supply chain, that the contract are ready to be signed. These two materials are essential in the production of car batteries and so long as no alternatives are found in the next few years, demand will go up as will prices.
 

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While that's great that they have/will secure some of the key resources needed for batteries, we still haven't heard anything about a production plant. Does BMW plan on producing all these batteries themselves or do they plan on outsourcing? I don't think it would be a good call to leave their production quotas in the hands of another company. It's odd that we haven't heard anything about new BMW facilities that will focus solely on EV production, with their aggressive plans for the segment.
 
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