LTM (ASX) EV and battery thread

Originally posted by butcherboy: ↑

I know it's all doom and gloom at the moment but people need to be aware of the fundamentals.

Massive flooding on the east coast of Australia (climate scientists have been predicting an increase in extreme rainfall events, due to global warming, since the 80s when I was first at at university).
In the summers when it's not flooding in Australia there will be massive and even more extreme bushfires.
Large swathes of regional Australia will be uninhabitable in the years to come, but people will probably be locked out of certain areas first by increasing insurance premiums for fire and floods - I already know friends who cannot get insurance because it is wither too expensive or not offered any more and it is too late for them to sell and pass the problem onto someone else. The taxpayer will not want to prop up people in non-habitable areas who want to remain but have to rebuild after every flood or fire - it's not sustainable.
Jobs related to the Great Barrier reef and related tourism will disappear because once we hit two degrees of warming then the GBF will be no more.
Coastal properties are at risk due to sea level rise and storm surges.
50 degree days have been predicted for Melbourne and Sydney in the future and many vulnerable people will die in that heat.
Every other country in the world has its own set of challenges: small Pacific island nations will be no more, they are already disappearing; fresh water sources disappearing from melting glaciers in the Himalayas and the Andes affecting billions of people; permafrost melting and methane gas release; temperature extremes; increasing strength of cyclones (and possibly tornadoes in the USA); fresh water stress; species extinction and habitat loss; global warming feedback loop from reduced albedo due to melting ice caps; the list goes on and on.
EVs are the only mass market alternative for the transport sector, which emits about a third of global greenhouse gas emissions, which directly cause all of the above to get worse. Therefore, incentivising EVs is low hanging fruit for governments for addressing climate change, behind the electricity sector, which has been powering ahead with a rapidly increasing penetration of renewables here in Australia.
EV incentivisation is actually a free-market approach because currently no one pays for the loss and damage (aka externalities in economic terms) due to greenhouse gas emissions (to clarify, economically we all pay by enduring and/or mitigating against the loss and damage (floods, bushfires, insurance etc), so the broken status quo is a good example of the old adage 'privatise the profits but socialise the losses').
The ALP is planning a regulated (and constantly increasing) fuel efficiency standard, which the USA has had for many years, because the only two developed nations that don't have one are us and Russia. This will incentivise the uptake of EVs here in Australia.
New Zealand has already hit a 50% of new vehicles being EVs milestone, so there's some good news there: https://thedriven.io/2024/01/10/end-of-new-zealand-ute-tax-pushes-ev-penetration-over-50-in-december/

I've studied climate change at a Masters level so I'm not going to debate the facts above with anyone. That will be a signal for me to put climate deniers on ignore. The time for debate on the science is over, it's time for action, and EVs are part of the solution.

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a Masters level so I'm not going to debate the facts above with anyone. That will be a signal for me to put climate deniers on ignore. The time for debate on the science is over

Very happy to be put on ignore. You are not worth talking to - I like FREE THINKERS.

BTW - I - MOSTLY -agree with you regarding lithium matters

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Last $8.29		Change 0.060(0.73%)		Mkt cap ! $2.428B

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