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Seems we have about 3 million EV auto batteries coming up to be retired from their 10 year run. Where will they go? What will happen to them, in the ground, laying around like old tires, where? According to Bloomberg, seems countries around the world are holding the auto companies responsible for dealing with the batteries and making sure they do not get put into landfills. According to the story, it seems all auto companies are recapturing money by selling these perfectly good batteries for use as storage system from home to commercial applications around the world. Only then after they truly wear out in 20-30 years will the rare earth elements be recaptured to be used over again in new products. https://www.bloomberg.com/news/features/2018-06-27/where-3-million-electric-vehicle-batteries-will-go-when-they-retire Seems that from Tesla, GM, Toyota to BYD that the auto batteries have become a total side business that is expected to yearly run around $550 Billion a year in building and selling a Box of Energy or Powervault or whatever they end up calling it. In fact you could very well end up buying your next EV auto along with a home power storage system from your local dealership. -
G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Bloomberg Predicts another OIL Crash with NO Recovery, Maybe Many of us are excited with the big drop in oil prices and finally gas prices retreating to below $2 a gallon in many places around the US. Some here on Cheers and Gears even feel that alternative energy auto's are a waste of time or should not even be bothered with. So it was with interest when I saw this story on Bloombergs web site. Another Oil Crash Is Coming, and There May Be No RecoveryThe focus on this is that with Tesla in 2017 and Chevy later this year, 2016 beginning to sell 200 Mile, $30,000 auto's, other Auto OEMs spending Billions to also field electric auto's with long battery pack range that the days of Dino powered auto's are limited. Bloomberg clearly states that OPEC and even ExxonMobil have reported that they only see EV auto's making up 1% at most by 2040 on the planet. What no one saw was the Huge growth in US oil fields in 2014 and a global glut of 2 million barrels of oil a day sitting on the market. Bloomberg reviewed world wide data to see that EV Auto's grew by 60% in 2015, show no signs of slowing down among governments push to reduce smog in cities around the world. Based on buying trends and who fast things can change, Bloomberg is predicting that by 2023 we will see another 2 million barrels of Oil being unused on the market leading to this prediction of another crash and the power of the Oil Companies being reduced. The video they have on their story is also very interesting to watch and listen too. Review the original story, watch the video and sound off on what you think of the OIL Industry and where we are headed with auto's! Bloomberg Oil Crash Story
