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Right now in India, an electric scooter with a decent range and power will cost you somewhere around one lack or above. The price of the lithium-ion batteries used in the EVs is the main culprit for the high initial cost of any electric vehicle in any part of the world. In fact, China controls half the cobalt mines in Congo.
The main driver of the destruction in demand is the proliferation of electric vehicles. Roughly 62 percent global cobalt output is found in the Democratic Republic of Congo. The major driver of structural change in oil demand trends in the next five years and beyond is expected to be electric vehicles,” BofAML said.
The total cost of purchasing and driving one—the cost of ownership—has fallen nearly to parity with a typical gasoline-fueled car. Scientists and engineers have extended the range of EVs by cramming ever more energy into their batteries, and vehicle charging networks have expanded in many countries. EVs have finally come of age.
With the introduction of the Clean Car Discount in 2022, the skyrocketing prices of petrol and diesel across the country and the increasing number of electric vehicles available in New Zealand, we are seeing more EVs on our roads than ever before. Useful terms: Internal Combustion Engine Vehicle (ICEV) and Electric Vehicle (EV).
With the introduction of the Clean Car Discount in 2022, the skyrocketing prices of petrol and diesel across the country and the increasing number of electric vehicles available in New Zealand, we are seeing more EVs on our roads than ever before. Useful terms: Internal Combustion Engine Vehicle (ICEV) and Electric Vehicle (EV).
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