Electric Vehicles Rapid Growth

Electric vehicles are driving the demand for dysprosium used in permanent magnets.

Chinese is already the worlds biggest auto market, and aims to have five million electric cars and buses on the road by 2020.

Electric vehicles now make up more than 1 percent of sales in China, France, Denmark, and Sweden. They make up 9.7 percent of sales in the Netherlands, and 23 percent of sales in Norway, which offers some of the most generous tax incentives around, worth about $13,500 per car.

China’s booming electric car sales in 2015 made it the main market worldwide, ahead of the United States, for the first time. China is also home to the strongest global deployment of e-scooters and electric buses.

Substantial new implementation of electric vehicle supply equipment (EVSE) was also observed in 2015, on par with the growth of the global electric car stock. Public policies are encouraging publicly accessible charging development through direct investment and public-private partnerships. Such partnerships are occurring in urban areas and beyond, with charging networks aiming to enable long-distance travel on EVs even at the continental scale, as in the case of the European Union (EU). Industry, governments and early adopters have succeeded in demonstrating that electric cars can deliver the practicality, sustainability, safety and affordability characteristics expected from them, but the EV market still requires policy support to achieve widespread adoption and deployment.

Industry, governments and early adopters have succeeded in demonstrating that electric cars can deliver the practicality, sustainability, safety and affordability characteristics expected from them, but the EV market still requires policy support to achieve widespread adoption and deployment.

The following graph shows Electric Vehicle market Rapid Growth for the 5 years to 2015




Electric Vehicle Development Scenarios:


http://www.vox.com/2016/6/6/11867894/electric-cars-global-sales

..... and where will they source the Dysprosium required for the permanent magnets - essential for electric vehicles