Tuesday, July 18, 2017
Outlook for commodities used in battery techology.
On July 10, Volvo announced its plans to phase out cars with solely internal-combustion engines by 2019. On July 11, France announced plans to ban petrol engines from 2040. The Paris Agreement targets will require power storage capacity to increase by more than an order of magnitude. The developments in renewable energy systems and electric vehicles (EVs) portend well for certain commodity inputs, particularly those that go into electric batteries, while signaling secular decline for fossil fuels.