$300 billion to be invested in electric cars., page-51

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    Hi Spinafex
    The article you posted was very misleading, but I'm not here to shoot you as the messenger. That said, let's look at the EV/battery storage dynamic from a different perspective - a future perspective, if you will. First, consider that household (roof-top) solar is becoming popular all over the world - Australia in the lead with close to 2.5 million homes already fitted out. Also, home storage batteries are becoming popular all over the world - Australia with circa 20,000 homes already fitted out. This worldwide phenomenon is still in its infancy, so that's why I'm talking future dynamics, given the price of batteries is falling like a rock and will be far more affordable as time goes on. Then consider the exponential growth of electric vehicles and the synergy between roof-top solar and home storage batteries. It is well documented that 90% of average daily car journey's, worldwide, is circa 50 kms. This then means that circa 90% of recharging an EV can be accomplished for free at home. Remember I'm talking future dynamic (10/20 years away, if not sooner). Already, current EV numbers on the road have reduced crude oil consumption by 512,000 barrels per day (source: UEA). To be honest I can't say what volume of emissions are caused by battery manufacture, but I would suggest that it is far less than burning fossil fuels. So even for those that don't believe in Co2 induced global warming, the reduced pollution factor should result in a monumental improvement in air quality.
    On a side note: Any rev-head that has the opportunity to experience the mind blowing torque of an EV will never go back to ICEs. So say the rev-heads themselves.

    Hope this helps with your analysis.
 
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