Battery Drain ⚡

by 22 Jul, 2021

Battery Drain

The EV market is one of the markets that has grown the most recently. With EV cars providing social status, they also serve as a long-term economical option for those looking to cut back on gasoline costs. Moreover, electric vehicles appeal to a growing theme of environmental consciousness. In fact, an increasing number of investors are looking at a company’s ESG or Environmental, Social, and Governance rating when investing. All in all, electric vehicles seem to fit right into a society with a growing focus on the environment. However, despite all this growth and the reasons for growth, the EV market may be facing a speedbump soon.

With each new EV car that is built, a battery is required to build that car and make it functional. Problematically, according to a Bank of America Global Research report, there is a looming threat that the global battery supply for electric vehicles will run dry as early as 2025. The bank’s supply and demand model of the market predict that sometime between 2025-26,

the global EV battery supply will likely see a sold-out scenario. EV penetration as well as the demand for EVs will likely continue to increase according to this model, creating a potential bullish case for the EV market this decade. What do you think about this model? And are you investing in EVs long term?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

 

 

 

 

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