| Dear Reader, Would you buy a second-hand EV? Neither would I. The ‘used’ market in the motor trade — which is vital for most regular Aussies — is virtually non-existent for electric vehicles. For the supposedly ‘environmentally friendly’ option, EVs are essentially single-use cars. For starters, you can’t simply replace a battery in an EV like you can in a regular petrol car. Because an EV is basically one big battery attached to four wheels. So when the ‘battery’ goes — so does the car. And these are not cheap to buy new. To give you an example, a Fiat 500 with an electric motor costs a whopping $52,000 in Australia. The exact same car with a petrol engine costs $23,000. Less than half as much. If they really want Australia to get to net zero by 2050, they need to bring the cost of EVs down. My colleague Greg Canavan says they won’t be able to do that...because of HUGE projected commodity shortfalls in battery metals like lithium, cobalt and nickel. That’s why — according to Greg — net zero won’t happen. Yet, they persist. Victorian Premier Daniel Andrews recently announced that he wants to ban the sale of petrol vehicles in the state by 2035. That’s roughly 11 years from now. Will YOU give up your petrol car or truck to buy a $52,000 Fiat? Did you know that EVs currently cost more to charge than petrol cars cost to fill up? Or that some studies have shown that EVs actually generate HIGHER CO2 emissions than cars that run on unleaded fuel? And yet these crazy diktats keep coming. As Greg predicts, though, it might be all over soon. He says the ‘dangerous fantasy’ of net zero is about to be mugged by reality... You can watch his illuminating presentation here. Sincerely, James Woodburn,
Publisher, Fat Tail Commodities | 