Running discussion on SP, page-47833

No advice offered here people but open your eyes to the sectors and look at the continuous investment in it. These companies are large and vast, they are in no ways blind to the market change and I’m sure they watch the figures on a week to month basis, shit wouldn’t you if your business was hinged on a once in lifetime transitional shift that you may not see again in your lifetime.

Orocobre reports lithium pricing surge

LITHIUM brine producer Orocobre has delivered more, tangible evidence of the revival in demand for the key battery input, with pricing up 45% for the June quarter.



Positive Orocobre lithium price comments good for sentiment

WITH Orocobre saying on Friday lithium prices were on the improve, stocks in the space continued their rise of recent times during Monday’s trading.

Those doing well during the session on a headline basis were some of the junior names active in Orocobre’s South American brine space, juniors such as Lithium Power International, Galan and Argosy.

Meanwhile, hard rock lithium contender Liontown is doing a capital raising.

www.miningnews.net


Tesla Model 3 now costs less to own than Toyota Camry hybrid

The cost of buying and owning the Tesla Model 3 is now less than an entry-level Toyota Camry Ascent Hybrid following its third price reduction in less than 12 months.

On Saturday Tesla dropped the price of the Model 3 to just $59,990 before on-roads, meaning that it now costs $64,648 on-road in NSW, compared to the Camry Ascent hybrid – Toyota’s cheapest hybrid Camry – which is $34,623 driveaway.

After calculating running costs and resale value, we’ve discovered that a driver who bought the Model 3 would be $26,563 out of pocket compared to $30,330 for the Camry.

These are thought-provoking numbers, particularly as we’ve reported that so far in 2021 Tesla has shipped more Model 3s to Australia than Toyota has Camrys.

And the Model 3 will cost even less for NSW drivers in September.

It’s already eligible for a $3,000 rebate in Victoria although this will be offset by a road user tax. But in NSW, the $3,000 rebate plus a stamp duty waiver will equal $5,175 less out of pocket.

Other states such as the ACT, Tasmania and Queensland also offer various cost-reducing incentives for drivers to go electric.

The sums, which we’ve calculated assuming the EV driver is a member of a motorists association, who always charges at Chargefox and hence gets a 20% discount for 32 cents per kilowatt-hour, show that after owning then selling a Tesla Model 3 for five years the total cost of ownership is less than that for the hybrid.

This is largely because the resale values on Tesla Model 3s are much higher than that of the Toyotas; a study released in 2020 suggested that they lose just 5.5% of their value per year, and can thus resell for about 80% of their value after 5 years.

On the other hand, the Toyota Camry Hybrid will sell for just 60% of its original value according to Car Edge.

The assumptions we’ve used to calculate the total cost of ownership for both vehicles are:

• 5 years ownership
• 15,000kms a year driving
• $1.50 per litre fuel
• 4l/100km Camry fuel consumption
• 15kWh/100km Model 3 energy consumption

We have to thank Anthony Agius for insurance cost estimations, and the inspiration to delve deeper into the cost of ownership.

You can read his sums here, and we note that neither his nor our sums include tyre costs.

And this is how the numbers work out:

Of course, there’s a lot of wiggle room on various sums, such as how much your insurance company will charge you to insure a Tesla compared to the Toyota.

But also good to consider is that while fuel prices will fluctuate (and will continue to rise over time), you can easily further lower your Tesla ownership costs by charging off solar if you have it, or utilising free chargers such as those installed by states and motorists associations.

The only way is up, as they say.

https://thedriven.io/2021/07/12/tesla-model-3-now-costs-less-to-own-than-toyota-camry-hybrid/


Another 1,200 Tesla Model 3 EVs arrive in Australia ahead of NSW rebates

Approximately 1,200 more Tesla Model 3 EVs have arrived at Port Kembla, south of Sydney, signalling the potentially record-smashing impact the Californian automaker will have on the local market in 2021.

Sources say that deliveries in NSW will be put on hold until a $3,000 rebate and the waiver of stamp duty kicks in from September.

The latest shipment, which has been reported by Tesla ship tracker @VedaPrime, brings the number of now Shanghai-made electric sedans shipped to Australia in 2021 to approximately 7,500, following 2,100 shipped in Q1 and 4,200 in Q2.

As The Driven has previously reported, it is thought that at least 10,000 more Teslas will be on Australian roads than in 2020 by years’ end – but being barely halfway through 2021, this number could be even higher than estimated.

Nine days into July and Tesla has shipped more Model 3s than Toyota has sold Camrys.


Germany extends large rebate scheme for EVs out to 2025

The German government’s “innovation premium” for e-car buyers will be extended until 2025, the German energy and economy ministry (BMWi) has announced.

In a press release, the BMWi said that the support payment, which was launched in 2016 and topped up in July 2020, has given e-mobility in Germany a “big boost” and the number of applications continues to be at a record level.

https://thedriven.io/2021/07/12/germany-extends-large-rebate-scheme-for-evs-out-to-2025/


BMW reveals electric scooter launch in Australia, with pricing and specs

BMW has announced it will launch the all-electric CE 04 scooter in Australia in 2022, revealing pricing, specifications and options of the production version of its 2020 concept of the same name.

Starting from $20,350, the CE 04 promises a great deal of grunt and power.

Its 31kW motor set between the battery and rear wheel will deliver an equivalent 42 horsepower and instant torque for acceleration from 0 to 50km/hr in 2.7 seconds.

Using the same battery cells to be utilised in the BMW iX that will arrive in Australia in the coming months, the CE 04 “opens up a new chapter in two-wheel urban mobility” according to BMW.

https://thedriven.io/2021/07/12/bmw...r-launch-in-australia-with-pricing-and-specs/




It's just the Beginning of the EV Battery Arms Race

Plus it's Not a Sprint, more like a Manono Marathon

This game is far from over yet

Food for thought

Frank