Love your enthusiasm Mick. I think you are pretty spot on, though one small point, the EV revolution started with Musk a few years back. But correct the boom is starting more or less now.
Glad you put the last bit in about "give or take a few years depending on which country you are in and government legislation".
On that unless its discovered that Scomo is having an affair with the lead singer of the church band (he's not, thats a joke Lib votes) then Libs are in for two terms.
Labor were hopeless last time, the smell of that sort of hopelessness usually lasts two terms.
Unfortunately they were /are the only ones with a positive policy/any policy on electric vehicles in this country. The Libs seem in denial EVs are happening.
So i think in 2022 most of Europe will be close to 50 percent new car sales being EVs.
And Australia will be around 10 percent( would be my most optimistic outlook ATM). ( Its less than 1 percent A.T.M plug in EV sales.)
Luckily as LTR holders world demand (except in terms of perception and promotion) is far far more important than Australian demand as our market is so small.
Unless things change we will dig it up, ship it off and that will be our primary benefit from the Lithium boom as a nation.
It will be massive for LTR holders but I'm thinking about more than me I'm thinking about the country.
We have one of the very lowest uptakes of EVs in the developed world and there is no evidence that Liberal government policy has any interest in changing this.
PLEASE anyone challenge this perception if I am wrong.
It won't matter too much to the future share price of LTR (or that of our Lithium peers) but it does sheet me off badly that we seem to as a nation to be prepared to accept being last.
There are virtually no incentives I know of to purchase an EV (as there are in the U.S. and Europe), no incentives for a home grown EV industry and no tax differentiation to encourage new clean tech in the purchase of EV vehicles in Australia over old tech ICE cars.
Luxury car tax on virtually all EVs. The latest Tesla base model should fall under the threshold, but thats company discounting not Aus gov incentives.
Liberal needs to forget that it was a Labor Gov that first embraced the idea of encouraging the EV industry and get on board with the future.
It will come anyway I just don't like to be last..
There is a massive opportunity here, much bigger than just EVs or Lithium. We have every bleeding battery metal on earth right here. We could be the silicon valley or battery/renuable tech, look at our solar/wind resources, we could be promoting Musk to build a Gigafactory down here we could be helping Gupta start his small car production facility in the old Holden plant he bought in S.A and so much more...
That sort of stuff brings real jobs and real wealth but it means embracing change.
This is not a Labor party rant, I would love to have a reason to vote Liberal, I love to make a buck, but Liberal, the party that should know where the bucks are at seem to have no idea of the potential this Lithium driven tech revolution holds..
Grrrr! Ha ha!
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