For the investment banks nay sayers in lithium , which part of the press are they missing, ....we need to read what
the end users are predicting and not head in sand analysts......
In the AFR today , excerpts on what the Caltex Chairman said
""Caltex develops electric car 'game plan': chairman | copyright link
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Fresh from a visit to Silicon Valley by the Caltex board last week, Mr Gailey said the company would "build our business in new and innovative ways", expanding beyond the fuels and convenience retailing sector to take advantage of the changes being wrought on the sector by electric vehicles and self-driving cars.
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He said Caltex would invest to optimise its core business but plan for the long term rather than take a "head-in-the-sand" attitude about the transforming market.
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"I think you are going to be seeing us doing new and exciting things," he said.
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But Mr Gailey said that consolidation was inevitable for an industry confronted with a decline in demand for its primary product.
But longer-term, EVs and autonomous vehicles would have a greater impact.
"We believe that we have many good years ahead of us before we will be confronted with these challenges," Mr Gailey said. "This is important because this gives us time to adapt.
"Now is the time to be developing a game plan to not only deal with the ultimate eventuality but to seek out the opportunities that these changes present."
Mr Gailey said Caltex did not expect the big auto manufacturers to be producing a good mass-market electric car at a "realistic" price point until the early 2020s , predicting that by 2025 new EV sales would probably be about 10 per cent of the light vehicle sector.
He said battery technology was improving dramatically but it would need to come down from about $350 a kilowatt hour to under $200/kWh to make the cost of owning an electric vehicle comparable with the increasingly efficient internal combustion engine vehicles now rolling off production lines.
The advent of autonomous vehicles would probably change the whole concept of vehicle ownership, he said, but a fully autonomous vehicle was probably still some way off as it would require artificial intelligence close to human levels.
While the pessimists believed fully autonomous vehicles could be as far away as 50 years, it was likely they would be used in more constrained applications much earlier, Mr Gailey said, pointing to
the about 500 engineers that Uber has in Pittsburgh working on a project for self-driving cars in a specific area.
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