The Electric Wheel
Dawn of a new transportation age: an update
From 2017 "In business for over 100 years, the automotive industry is about to embark on a radical, convulsive transformation. The Washington Post (http://nnw.fm/0P4Do) recently pegged 2017 as the year electric vehicles (EVs) went from a promising fad to an industry-wide inevitability due to broader economic and cultural developments. With the forecast demise of the internal combustion engine, the demand for lithium, a crucial component of Li-ion batteries, is certain to surge as EVs proliferate. Lithium demand has already been projected to grow over 300% in the coming years , but that figure could prove to be a woeful underestimation given the massive transportation transformation that's now on the horizon." PRN. Road emissions are back up close to pre-pandemic level at 5.86 GtCO2 (6.02 in 2019) Oil production up to 104.4 bpd in 2024. Here is the point According to the data from Statista in 2017 production was at 97.9 bpd and a projection for 2022 at close to 100 bpd.
