RE: Looking positive7 Jan 2020 12:52
A gradual increase in the ownership of electric cars will occur with China and NW Europe being the early adopters. Car manufacturers are investing billions into developing electric (and some hydrogen) models, a couple of AM's have already announced they will only be producing zero emission vehicles from 2025. Hybrids are likely to be more in demand vs all electric for the next 5 years or so, however I think industry predictions suggest a much bigger uptake in the next 5-10 years than 2% The imposition of zero emission zones in cities, government funding for charging infrastructure and grants for vehicle replacement, and longer battery life will all contribute towards the uptake of electric vehicles in the next 5-10 years. I would be interested to know how much palladium in quantity and in value is used in each car, does anyone know? I have an interview with Ford next week, they have just launched an all electric transit van, there are 8m of their diesel vans in circulation worldwide so it will take a number of years to replace all them. There might be some kind of FOMO with people keen to sell their diesel or petrol vehicle before their second hand values really hit the floor.