An infographic from Visual Capitalist featured a recent UBS report where the bank tore down a Chevy Bolt to see exactly what is inside. It then had 39 of the bank’s analysts weigh in on the results.
After breaking down the metals and other materials used in the vehicle, they noticed a considerable amount of variance from what gets used in a standard gas-powered car.
It wasn’t just the battery pack that made a difference—it was also the body and the permanent-magnet synchronous motor that had big implications.
As a part of their analysis, they extrapolated the data for a potential scenario where 100% of the world’s auto demand came from Chevy Bolts, instead of the current auto mix.
If global demand suddenly flipped in this fashion, here’s what would happen on the materials side:
|Lithium||2,898%||Needed in all lithium-ion batteries|
|Cobalt||1,928%||Used in the Bolt’s NMC cathode|
|Rare Earths||655%||Bolt uses neodymium in permanent magnet motor|
|Graphite||524%||Used in the anode of lithium-ion batteries|
|Nickel||105%||Used in the Bolt’s NMC cathode|
|Copper||22%||Used in permanent magnet motor and wiring|
|Manganese||14%||Used in the Bolt’s NMC cathode|
|Aluminum||13%||Used to reduce weight of vehicle|
|Silicon||0%||Bolt uses 6-10x more semiconductors|
|Steel||-1%||Uses 7% less steel, but fairly minimal impact on market|
The chart in the foregoing graphic breaks this down as well.
Now, we aren’t going to see 100% EV penetration in the near term and maybe ever, but it is interesting to contemplate what the potential impacts could be in these markets, let alone possible impacts to the environment.
For example, China accounts for 85% of rare earths mining and it’s not exactly done in an environmentally friendly manner. The picture below shows untreated chemicals from an abandoned leaching pond that flowed into the city of Ganzhou’s surface water.
And there is a robust black market as well:
“China plays an even bigger role in the world’s rare earth trade than is apparent on the surface because of its black market. The main importers who benefit from China’s rare earths production, such as the US, Korea, and Japan, as well as the manufacturers and brands who use rare earths in their products, often tap into a substantial black market in rare earths. Every year tens of thousands of tonnes of rare earth ores are illegally mined and traded, leaving China through the black market.”
It seems like I’m really negative on EVs, always pointing out its downsides. I’m not. The next car I buy will probably be an EV.
There are plenty of people exclusively extolling the virtues of the EV. I want to take a clear-eyed view, as best I can, on all the fuels and vehicles options that lie before us and I don’t want to pick winners and losers. That’s where policy goes wrong and industries get into trouble as a result.
There are some good things about EVs and there are some not-so-good things that are compelling. It’s the same with every fuel-vehicle option out there.
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
Mozambique/Debt: Credit Suisse Pleads Guilty and Pays $475 million
Credit Suisse bank has pleaded guilty to conspiracy to commit fraudulent financial transfer by paying $475 million in a settlement...
Virtual and Augmented Reality Are Shaking Up the Education Experience
While virtual and augmented reality are making a big impact in all manner of fields, education is one sector that...
MicroStrategy Stock Could Fall 12% after Bitcoin ETF Launch
MicroStrategy's revenue has dropped from more than $513 million in 2017 to more than $480 million in 2020. Profits have...
Atrys Health Increases Sales Fivefold in the First Half of 2021
Atrys Health presents its financial results for the first six months of 2021 while announcing that it has reached an...
Medical Cannabis To Be Sold Freely in Drugstores across Colombia
The Colombian Association of Cannabis Industries, Asocolcanna, indicated that the potential of this market is great since the country went...
Cannabis2 weeks ago
Malta Might Soon Legalize Private Cannabis Consumption
Featured2 weeks ago
Why an Energy Crunch is Most Likely Coming
Featured2 weeks ago
Small Businesses in Colombia Benefit From the Development of the Fintech Sector
Cannabis2 weeks ago
ArgenCann Will Be Part of Expo Cannabis 2021