The internal combustion engine had a good run. It has helped propel cars — and thus humanity — forward for more than 100 years. But a sea change is afoot that is forecast to kick gas-powered vehicles to the curb, replacing them with cars that run on batteries. A flurry of news this week underscores just how rapidly that change could happen. On Monday, Tesla announced that the Model 3, its mass-market electric car, would start rolling off production lines this week with the first handful delivered to customers later this month. Then on Wednesday, Volvo announced that every car it produces will have a battery in it by 2019, putting it at the forefront of major car manufacturers. Then came France’s announcement on Thursday that it would ban the sale of gas-powered cars by 2040. All this news dropped just in time for Bloomberg New Energy Finance’s latest electric car report, which lays out why electric cars are the way of the future and when they’re projected to take over the market
Renew Economy 7th July 2017 read more »
France to ban sales of petrol and diesel cars by 2040.
Guardian 6th July 2017 read more »
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Times 7th July 2017 read more »
Tesla Motors and now Volvo may have big plans to end the addiction of drivers to fossil fuels via electric vehicles, however the environmental footprint of mining raw materials used in car batteries and their eventual disposal are emerging as a flash point. As the mining sector presents a green face and extracts raw materials from lithium to cobalt and nickel that constitute electric batteries, so the focus on their environmental standards and energy efficient production methods will intensify. At the tail-end of the electric vehicle boom is the matter of improving the recycling of lithium-ion batteries and making sure the environmental impact is also contained. To offset the environmental impact of mining there will have to be a large build out in recycling facilities to meet the first wave of electric vehicles, analysts say. Currently over 90 per cent of lead-acid batteries used in conventional gasoline cars are recycled, versus less than 5 per cent of lithium-ion batteries. An estimated 11m tonnes of spent lithium-ion battery packs will be discarded between now and 2030, according to Canada-based Li-Cycle, a recycler of batteries.
FT 7th July 2017 read more »