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Why a “Million Mile” Electric Vehicle Battery Heralds the Death of Internal Combustion Engine SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 11:17 AM on Tuesday, July 7th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

Talking about batteries is just about as interesting as Scotch tape or paper clips. We take them for granted, but we all use them. Batteries have been around a long time. In 1938, archaeologists at a dig in Iraq uncovered the earliest -known battery dating back over 2000 years.

The first common, commercially available batteries like what we use today were invented in 1896 by a company that eventually renamed itself Eveready. These were specifically made for a new device called a “hand torch,” later known as a flashlight.

Fast-forward to today. The ubiquitous battery powers everything from watches to electric cars and solar power storage. It is found in satellites and home appliances, rockets and drones.

Electric vehicle batteries : range and MPGe

Batteries have had several key limitations, such as how long they hold a charge, how much power they can deliver on demand and how many charge cycles they can sustain. Let’s dive into one of the most recognizable battery applications, powering Tesla’s line of electric vehicles , known as EVs, and focus on range and how it compares to traditional mpg of gas-powered autos.

Tesla’s first production model car when introduced, the Roadster, had a battery capable of 200 miles per charge. Within a matter of months, with software updates and battery improvements, the EPA rated it at 244 miles on a single charge with 120 miles-per-gallon-equivalent. A total of 2,450 Roadsters were sold from 2008 through 2012.

The next vehicle, and the first high-volume production auto introduced in July 2012, was the Model S full-size sedan with sales totaling over 120,000 cars to date. The current Model S Long Range Plus has an EPA range of 402 miles and 104 MPGe.

The follow-up to the Model S was the Model X SUV, which began production in earnest in late 2015 with a total production to date of over 75,000. The battery in the Long Range Plus version has an EPA range of 351 miles with 94 MPGe.

Next up is Tesla’s Model 3, the most successful electric vehicle in history with more than 350,000 cars sold since its debut in 2017. It has an EPA rated range of 402 miles with 104 MPGe.

The Million Mile battery

Now the game-changer. Tesla has announced a battery upgrade that signals the death-knell for the internal combustion engine. Tesla worked with a Chinese battery company, CATL, to create (and patent) a battery design that can last for 1.24 million miles and a minimum of 16 years of lifespan. Compare that to current automakers with car battery warranties covering 60,000-150,000 miles for 3 to 8 years.

CATL is not prohibited from supplying the new battery to other EV manufacturers, which is a typical Elon Musk move who, in 2014, famously made all Tesla patents available to use. Elon’s goal is to shift the world away from fossil fuel use and to stay ahead of everyone else by out-innovating them.

Why are internal combustion engine vehicles now obsolete?

The most expensive part of an EV is the battery. The threshold for an EV to be price comparable with its non-EV competitors is to get a battery costing under $100 per kilowatt hour. We have now reached that milestone.

Larger batteries allow EV’s to go much further on a single charge, and this new battery should provide EVs with average ranges of 400 to 500 miles or more to start. This takes care of range limitations.

Larger batteries also allow for substantially faster charging. To get to a full charge on any EV battery, the first 50% charges up quickly, while the second half takes much longer. Larger batteries mean the first 50% provides more storage capacity which charges up quickly. Industry pundits expect the million-mile battery to charge up to 250 to 350 miles of range in as fast as 10 minutes.

An auto built to last

Tesla’s drive units and bodies for their mass-production models, such as the Model 3, were designed to last a million miles. Add the new million-mile battery and you have an EV as the first truly multi-generational auto, one that your grandkids will still be able to drive. EVs have a fraction of the moving parts that an internal combustion engine vehicle has, which makes EV’s orders of magnitude more reliable and longer lasting. EV batteries — for example, the ones used by Tesla’s Model S — currently last only 1,000 to 2,000 discharge cycles (a cycle is charging 0% to 100%), which is roughly 300,000 to 500,000 miles. The new million-mile battery is expected to hold more than 90% charge after 4,000 cycles. The average American driver clocks 13,476 miles a year. That translates to roughly 74 years of EV battery usage to reach a million miles.

The bottom line

Our current battle with COVID-19 did have one positive side effect, a drastic reduction in greenhouse gas emissions. China alone experienced a 25% reduction in carbon emissions and 50% reduction in nitrogen oxides emissions. Worldwide, daily carbon emissions during the lockdown in early April fell by 17% and could lead to an annual carbon emissions decline of up to 7%.

The tipping point for EVs vs. internal combustion engine vehicles is here. The dramatic cost reduction in solar, wind and hydro energy combined with EVs priced at or below internal combustion engine autos will finally lead to the world dumping its dependence on fossil fuels for power and transportation.

Technology advances will continue to drive down the cost of EVs, and solar/wind/hydro will do the same to electricity. Dump your gas-guzzling auto now for an electric vehicle before everyone figures out its value is about to plummet to scrap metal.

Source: https://www.bendbulletin.com/business/edge-of-tech-why-a-million-mile-electric-vehicle-battery-heralds-the-death-of-internal/article_93f30254-bbd9-11ea-ad91-5355268e1856.html

The Next Step In The Electric Vehicle Evolution SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 4:03 PM on Wednesday, June 24th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

  • The electric vehicle revolution has turned out to be more of an evolution, with the industry making slow and steady progress.
  • Despite this progress, the electric vehicle industry is still yet to turn a profit as a whole.
  • The next major step for the industry is to focus on efficiency and profitability, the two factors that will most impact the EV market share.

Many believe electric vehicles are the only future of road transportation. Equally, many are confident they will never replace internal combustion engines—not entirely, anyway. The so-called EV revolution, with sales of electric cars going through the roof and overtaking the sales of ICE cars, has failed to materialize. What the EV industry has instead been going through has been more stable and reliable: an evolution.

During this evolution, cutting battery costs and extending the range have been the two focal points of the EV industry. Now that there are some reliable results in these two respects, it is time to move to the next level: making EVs profitable.

It might come as a surprise that not all EVs are profitable, given that most EV-related headlines in the mainstream media are dedicated to Tesla, and Tesla continues to surprise the market with robust profits. But industry-wide, EVs have yet to turn in a profit, a new report from Lux Research says.

According to the report, the electric vehicle industry has made significant progress on battery costs and range extension, which has helped boost sales. Now, Lux Research analysts say, it is time to focus on efficiency to drive profitability, which would eventually make EVs more popular than ICE engine cars. This, the analysts say, should happen around 2035 or 2040, when plug-in hybrids and battery electric vehicles are expected to account for over half of all car sales.

“Currently, BEVs are more expensive and less convenient to use than their non-electric counterparts, but technology will continue to close this gap,” the lead author of the report, Christopher Robinson said. “We expect to see efficiency front and center as the next major focus of BEV design, with automakers either downsizing packs to increase profitability or offering more range.”

Naturally, the conclusions from the study are not based on research of every single EV that is on the global market. They are based on a representative sample of models, but, Robinson notes, there is a substantial difference between models in terms of profitability.

“Profitability in making electric vehicles ranges significantly between manufacturers. Tesla is likely the most profitable electric vehicle manufacturer with average gross margins around 20% on its vehicles,” the study’s lead author said. “However, that’s not the case for most as GM reported it still loses money on each Chevy Bolt it sells and has been hesitant to ramp up production. As incumbent manufacturers increase production capacity, we do expect profitability to improve through increased volumes of shared parts between models and advancements in batteries, motors, and other electronics in the powertrain.”

And then there are subsidies. Scorned by libertarians as a taxpayer-burdening crutch for industries that should be able to stand on their own two feet, subsidies for electric vehicles will remain in place for the observable future, at least in Europe and China, two of the world’s largest EV markets.

China recently said it would extend EV subsidies for two years, although it had planned to scrap them this year. It will gradually reduce them by 10 percent this year, 20 percent next year, and 30 percent in 2022, but it will keep them in place to stimulate more EV sales. Beijing has a target of 25 percent of all car sales to be EVs.

Meanwhile, Germany and France are even raising their EV subsidies to drive more purchases. These purchases are a big part of their green recovery plan, and in France, they are a big part of the revival of the local car industry, which has already invested heavily in electric vehicle manufacturing capabilities.

Sales of EVs this year will be affected by the pandemic, as will all car sales. BloombergNEF projects an 18-percent decline in EV sales this year but notes long-term demand remains strong.

Still, two more obstacles remain on the road to making EVs the dominant form of road transportation, and Lux Research analysts accurately call them range anxiety and charge time trauma. The reference to mental issues is not accidental. Besides their price, an inherent mistrust of EVs is a big reason why they are not a more common sight on roads and streets around the world.

Resolving these issues will take time, and they cannot be rushed, unless carmakers start handing out free EVs. After all, EVs are not an improvement on the ICE technology the way digital cameras were an improvement on analog ones. EVs are an alternative technology whose main advantage is that it does not emit noxious gases.

There are certainly many people concerned about the environment enough to be willing to spend more on a cleaner vehicle. Yet those who would rather keep their old truck, noxious gases and all, than buy an electric version and worry about charging times and ranges all the time are many more. These are the people whom the EV industry needs to convince that their product is reliable and won’t leave them stranded at a charging station in the middle of nowhere for hours.

By Irina Slav for Oilprice.com

Source:https://oilprice.com/Energy/Energy-General/The-Next-Step-In-The-Electric-Vehicle-Evolution.html