Do to poor EV adoption, Fordplans to QUADRUPLE sales of its hybrid models over the next 5 years....
In the short-term, for the next 10 – 15 years, expect to see an increase in the demand for platinum group metals or PGMs for several reasons. As emission standards increase across the globe so do the PGM loadings in converters. The real-world driving emissions (RDE) test which measures specific pollutants such as NOx emissions requires higher loadings of rhodium (Rh), the superior metal application. Analysts and consultants suggest as much a 20% higher. Hybrids and plug-in hybrid electric vehicles (PHEVs) also require 5-10% more PGMs due to frequent engine cold starts. As the world makes the move toward electrification with hybrids leading to fully electric and then fuel cell-powered vehicles, auto catalyst producers are set to swap out the more predominant palladium (Pd) for platinum (Pt) and rhodium (Rh) in the coming years.
POD Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
