"If one company needs 3twh, all lithium mines (including...

"If one company needs 3twh, all lithium mines (including expansion plans) no matter their extraction method will need to come on line, period"

"Simon Moores from BMI has already called some of the announcements "fantasy".

SF@HC


*To Remind,

Focus of electrification will shift from China to Europe in 2020

Sales of electric cars are expected to rise 60 percent in Europe this year, boosted by demand for new models such as the VW ID3.

The rush to electrify transportation will shift to Europe from China in 2020 as automakers and governments work to cut carbon emissions that lead to global warming, according to a forecast from BloombergNEF, Bloomberg LP's primary research service on energy transition.

New models from companies such as Volkswagen Group will help Europe sell 800,000 electric cars by the end of the year, up 60 percent from 2019, according to BNEF.

"The long-term future is really bright, but in the short term we're expecting growth to be relatively slow," said Colin McKerracher, an analyst at BloombergNEF.

"You're still in the middle of this transition, from a market driven by direct subsidies toward one driven by a combination of real consumer demand and other big policy mechanisms."


EU pushes for tougher 2030 CO2 targets for car industry

The European Union (EU) could further tighten its CO2 emissions laws for new cars, according to a draft European Commission proposal leaked on Friday.

The draft document, seen by Reuters, purposes that the average CO2 emissions for new cars should be 50% below 2021 levels by 2030.

The current plan for EU countries is for a 37.5% reduction in that timeframe.

Currently, the target is for a 40% cut of EU member states’ CO2 emissions from 1990 levels by 2030. That could be raised to 55% if the Commission’s proposal is adopted.


Volkswagen outlines entry-level ID car and future EV strategy




Volkswagen is keen to emphasise the flexibility of its MEB platform, which underpins the ID 3 and ID 4 and will go on to provide the basis of the ID 5 saloon, ID 6 SUV, ID Buzz van and an as-yet-unnamed model from new development partner Ford.

A small electric sports car, as reported by Autocar in February, remains on the cards.

Brandstätter refused to give details but said: “MEB is a very versatile platform.

Year by year, we will inform you which kind of cars are possible.”

Volkswagen's ID R electric performance car range is set to be topped by a Tesla Roadster-rivalling coupé/roadster arriving in 2025.

Volkswagen’s commitment to building 26 million EVs by 2029 remains unchanged in light of the coronavirus pandemic, with planned investment in e-mobility across the Volkswagen Group now totalling €33 billion (£30.2bn).

The launch of the ID 4 represents the start of a shift to electrification for Volkswagen’s burgeoning SUV line-up.

Boss of e-mobility for the brand Thomas Ulbrich said: “In 2015, we decided to push the SUV market and start our SUV offensive. The ID 4 is the next milestone in this transformation to e-mobility as Volkswagen’s first electric SUV.

“The ID 4 stands for carbon-neutral mobility and will mobilise millions, because it's a real global car. It will quickly become a top model, not in a niche, because the market segment is becoming more and more important.”


*To Remind,

China has a stronghold on the lithium-ion battery supply chain as electric vehicle demand soars, says new report

Nations are desperate to boost their industries as EV sales are set to boom

Countries are desperate to increase their position in the sector - sales of electric vehicles have begun to surge and are likely to rocket in the coming years as governments introduce bans on the availability of petrol and diesel cars from 2030.