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Electric Cars Misunderstood

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Electric cars are a staple of urban life

Electric Cars Becoming More Common

Despite the 2016 election, electric cars are becoming a common sight on North American roads. Each month, EV manufacturers break sales records, suggesting the industry is more than a ‘fad.’

Boosting such excitement is success abroad. China is the global champion when it comes to plug-in vehicles, and Scandinavian countries have been predictably big on green tech.

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Tesla routinely tops monthly N.A. sales polls

However, the American market is currently dominated by Tesla. In August, its Model 3 comprised nearly half of all domestic plug-in sales.

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EV adoption is expected to improve China’s air quality

Chinese Electric Cars Dominate

While the American EV industry is only just beginning to realize its potential, demand for electric cars in China has persisted for years.

With government subsidies and a smoggy skyline, over 43% of all EVs were Chinese-made in 2016.

Furthermore, a waitlist plagues aspiring EV owners in China’s megacities. Some city-dwellers report waits of up to 4 years.

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EV battery prices continue to fall

EV Prices to Fall

Globally, potential buyers have two worries. First: if money isn’t an issue: battery range. However, this problem is easily solved (discussed below).

Second, plug-ins are too damn expensive.

Time will solve this problem. Currently, manufacturers and progressive governments direct funding to two things: improving charging infrastructure and increasing vehicle range.

As lithium-ion batteries improve and charging stations become more common, reducing price will be the next target.

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EVs are easily charged at home

Electric Cars are Misunderstood

Above all, misconceptions and misinformation plague EV adoption. A survey conducted by BC Hydro found that 90% of people believe standard outlets can’t charge batteries.

Even more surprising, most people don’t know what the acronym EV stands for.

In addition, many doubt the range of a standard lithium-ion battery. Worry not: energy density is increasing 5-8% per year and charging stations are easier to find than ever.

After all, a little bit of education goes a long way.

 

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of mining news, ULI is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V:ULI, OTCQB: ULTXF and Frankfurt: QFB).

 

 

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Hong Kong Market Slow to EV Adoption

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Hong Kong market suffers from street pollution

Hong Kong Market Craves Clean Energy

It is one of the world’s most congested cities. Over 7 million people live on just 3,000 square kilometres of land. The Hong Kong Market is a sweaty heap of pollution.

Air quality is so low, it’s inspired an app. Air conditioners account for 30% of the city’s energy use and contribute 60% of the city’s greenhouse gas emissions.

Even worse: the city’s recycling record. China laps the former British Protectorate in sustainable living.

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The Shenzhen-Hong Kong border

China’s Effect on the Kong Kong Market

It’s no secret that Hong Kong needs to go green. It’s also no secret that China leads the world in Electric Vehicle (EV) adoption. After all, Beijing residents must wait years for an EV license.

On average, Chinese government subsidies on EV vehicles cover $10,000 USD per purchase. Evidently, the CCP is serious about curbing carbon emissions.

These measures could spillover into the Hong Kong market. Cross the border and neighbouring city Shenzhen has already electrified its public transport fleet.

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China outpaces Hong Kong in EV adoption

Why is Hong Kong Late to the EV Party?

Several factors have slowed progress.

First, HK lacks public charging stations and gas-powered vehicles can still travel longer distances. However, this isn’t a major concern as HK is so small. Trip distance isn’t a problem.

Second, a lack of regulatory pressure provides car owners little incentive to switch. Hong Kong’s carbon abatement schemes lag behind China’s.

Third, most residents use public transportation. The bus and taxi companies are privately owned, and plug-in technology is still too expensive to warrant.

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Shenzhen’s public transportation runs on lithium-ion batteries

Hong Kong Needs to Change its EV Policy

Last year, over 1,700 residents died from air pollution. Moreover, the city faces pollution levels that rival megacity Beijing.

The Special Administrative Region (SAR) has lagged behind China in adopting clean energy initiatives. However, the 1997 handover returned control of Hong Kong to the Asian superpower.

However controversial the handover may be, air quality in “Asia’s World City” would benefit from more vehicles powered by lithium-ion batteries.

 

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V:ULI, OTCQB: ULTXF and Frankfurt: QFB).

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Emissions in China: 100% EVs by 2030

Emissions Push Government to Lofty Goal

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Carbon emissions in China fuel the nation’s EV push

The world’s roads are electrifying quickly. This is great news for China, a country with heavily-polluted six megacities.

Residents rarely enjoy clear skies, as carbon emissions ensure a thick haze blocks any view.

The Chinese government has responded to this crisis with a lofty goal: zero gas-powered vehicle sales by 2030.

China isn’t Going Electric Alone

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Western auto companies like VW are now making EVs

While Tesla leads the North American EV market in sales, Chinese manufacturers lead the world.

BYD (Build Your Dreams), Byton, BAIC and other Chinese firms set sales records every year.

In response, Western auto titans like BMW and Volkswagen enter the EV game.

Consequently, EV power stations will outnumber gas stations in the not-too-distant future.

America Goes Electric, but Slower

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America has only one lithium mine, in Nevada

An underreported executive order was signed in late 2017. It challenges a commonly held belief about the Trump administration.

It identifies 23 minerals deemed critical to America’s economy and security. Of no surprise, lithium tops the list.

Rest assured, America is not anti-green. National emissions levels continue to drop at record levels.

Lithium the Key to Reducing Emissions Levels

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EV automobile production and sales are booming in China

Lithium resources in the US exceed 5.5 million tonnes. 

However, the global hegemon isn’t a major lithium producer. Instead, South America and Australia lead the pack.

Lithium powers laptop, smartphone and EV batteries. A global shortage has caused demand to rise.

China the World’s Leading Lithium Consumer

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China is the world’s leading lithium-ion manufacturer

In terms of lithium-ion battery consumption, China leads the world. The same goes for battery production.

A nation whose megacities pollute the skylines of even its smallest villages, the communist state is committed to improving air quality.

EV subsidies and a massive ownership waitlist are promising.

This is great news for a region where oxygen bars replace nature walks.

 

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V:ULI, OTCQB: ULTXF and Frankfurt: QFB).

EV demand-skyrockets

EV Demand Continues to Skyrocket

EV Demand Not Best in the West

The Green Revolution captivates the world. It’s also changing the transportation industry, leading to a surge in global EV demand.

Tesla’s eccentric CEO dominates news outlets. For most people, he’s top of mind when it comes to clean energy.

Musk sees a very different world in 2038. He believes owning a vehicle without self-driving capabilities will soon be like owning a horse.   

To his satisfaction, global EV demand steadily grows. 

 

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Prepare to see more charging stations as EV demand skyrockets

 

The World has Over 1.4 Billion Vehicles

2 million of them are plug-ins. This means that just 0.15% of global transportation is battery-powered

Tesla and its other EV producers face a mammoth challenge. They must make their vehicles more affordable, and create batteries with more storage capacity. 

Wish them luck…

When factories decarbonize, carbon emissions in the US will reduce by over 30%.

Europe Is Miles Ahead of the US

The EU is the 2nd market to surpass 1 million EV sales. Scandinavia leads the charge, while Germany shows solid EV growth

 

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European charging stations multiply as EV demand grows

 

But EV sales in the West lag behind Asia’s superpower.

China boasts over 450 EV manufacturers. The populous nation sold over 770,000 plug-ins last year.

Obviously, the West has some catching up to do.

The EV Revolution is About to Take Off

China recently announced a $47 billion EV technology fund. The move gave market watchers perspective.

The message: China is serious about clean transportation.

This is great news for humanity. The communist state can single-handedly accelerate the EV revolution.

Of China’s nearly 30 million 2017 car sales, nearly 3% were electric. Now, this estimate may seem paltry…except when compared to the US.

Less than 200,000 of 18 million American auto sales were plug-ins in 2017. That’s just 1.1%.

 

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A common site in China, where EV demand outstrips supply

 

US Tariffs Won’t Hurt Chinese EV Sales

It’s unlikely the Trump Administration’s efforts to limit China’s economy will do much damage.

Rather, China isn’t as reliant on American exports as it used to be.

Consider its Belt & Road Initiative (BRI), a plan to connect China with the world.

And don’t forget about its proven ability to weather economic stagnation 

As a result, China owns over half the world’s existing lithium reserves

Its transportation and energy sectors are primed to reap the benefits of overseas investment. Additionally, large lithium deposits are being found in global exploration and mining operations. These are mostly in Africa, South America and Australia.

The Chinese government wants 100% electric vehicles by 2030

 

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It’s obvious why Chinese EV demand is high

 

Not surprisingly, Xi Jinping is unlikely to invest heavily in oil and gas projects.

The Chinese government is playing its cards right, as global lithium demand is expected to triple by 2025. 

Meanwhile, technological advances increase storage capacity and reduce cost.

EV Demand Grows Exponentially

China leads the global charge. In Beijing, there are many reasons to go green. In the meantime, Europe and the US could quadruple sales by 2020.

Surprisingly, a late 2017 executive order goes against Trump’s promise to domestic oil producers.

America’s decision to become self-reliant on lithium exploration and extraction will speed up production. It will also increase EV demand.

The EU’s Desire To Wean Itself Off Russian Oil

 

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EV demand affects the EU-Russia relationship

 

Consequently, a lithium supply increase could change the zone’s energy situationThese motivations are promising for plug-in manufacturers.

Hopefully, EVs soon become a staple of middle-class life. 

Even more promising: producers of self-driving cars are attracted to the long-term benefits.

Talk about thinking ahead.

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news. Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V:ULI, OTCQB: ULTXF and Frankfurt: QFB).