We have a tipping point for e v, and thereis policy support in the us. O talked about some of the supply chain constraints. There's also inflation. Thats this, a recent us. Bill is called the inflation reduction act. And yet, i read that lithium carbonate prices, a key ingredient in lithium ion batteries, have risen from five thousand dollars per ton about two years ago to 70 thousand dollars perTon,. according to a benef report by your colleague, head of metals and mining. So how vulnerable are e vs and other clean energy products to price surges and when they become more popuar? This is definitely one of the key issues, if we look out over
In the tech world, there’s a common belief that once a new device hits 5% market penetration, it rapidly goes from a niche to mass adoption. According to Bloomberg, the US has just passed that critical 5% tipping point for new EV purchases. Norway, an oil-rich country, was first to hit that 5% mark in 2013 and today boasts a stunning 86% of new cars being fully electric. Now California is driving the US along a similar road away from gasoline and diesel by passing a new law that will only allow emission free vehicles to be sold by 2035. Even with that California law, how confident can we be that all new American cars will be running clean? What does the 5% tipping point mean for other clean tech adoption?
Guests:
Albert Cheung, Head of Global Analysis, BloombergNEF
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