• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 1 hour Shale Oil will it self destruct?
  • 7 hours Migration From Eastern Europe Raises German Population To Record High
  • 9 hours Excellent Choice: Germany's Von der Leyen Secures Powerful EU Executive Top Job
  • 1 day Carrot And Stick: North Korea Suggests It Might Lift Weapons Test moratorium
  • 1 min Berkeley becomes first U.S. city to ban natural gas in new homes
  • 19 hours Germany exits coal: A model for Asia?
  • 14 hours White House insider who predicted Iran False Flag, David Goldberg found dead in his New York apartment
  • 40 mins Washington Post hit piece attacking oil, Christians and Trump
  • 16 hours Starlink Internet Courtesy of Tesla
  • 20 hours A Silence is heard
  • 2 days NYT: Mass Immigration Roundups in U.S. to Start Sunday
  • 1 day South Korea imports No Oil From Iran in June - First-Half Imports Fall 37%
  • 1 day Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
Alt Text

UAE Looks To Launch New Regional Oil Benchmark

The Abu Dhabi National Oil…

Alt Text

IEA: Huge Oil Glut Coming In 2020

While oil supplies are set…

Alt Text

The Scary Truth About Canada's Energy Security

Canada, the world’s fourth largest…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Premium Content

Is This The World’s Most Beautiful Electric Car?

Jaguar Land Rover Classic has dropped a bombshell in the growing electric vehicles (EVs) sector by announcing the start of production for its ‘E-Type Zero’ car, said to be “the most beautiful” of its kind in the world.

Designed by Italian racing driver Enzo Ferrari, the body and style of this electric car was inspired by the E-Type series of the 1960s.

Customers who already own classic E-types will be able to pay to have their car converted to electric drive — the original engine and transmission will be preserved so that they can be put back in, if that's ever wanted — or customers can pay Jaguar to acquire an E-type for conversion.

Image courtesy of Jaguar.

“We’ve been overwhelmed by the positive reaction to the Jaguar ‘E-Type Zero’ concept. Future-proofing the enjoyment of classic car ownership is a major stepping stone for Jaguar Classic,” Tim Hannig, Jaguar Land Rover Classic Director, said in the statement.

The announcement is nothing but good news to battery metals miners, which have seen demand for their mined commodities soar in the past year.

The scramble by automakers to secure supply of battery materials has spiked the price for lithium, cobalt, nickel, rare earths and even copper (there’s 300kg of copper in an electric bus and nine tonnes per windfarm megawatt).



The all-electric Jaguar E-Type is the same classic sports car from the 1960s with its long hood, curved roof and chrome bumpers, but with its engine and transmission removed and replaced by a battery pack and an electric motor. (Image: CSBA | Twitter.)

Recent studies show that automotive-related commodity costs jumped to six-year highs in 2017 — up 70 percent, or $884 per vehicle, since 2015. Related: Could Tesla Thrive, Or Even Survive, Without Elon Musk?

Should key battery metals prices continue to climb, it could bring more headaches to carmakers already selling EVs at a loss amid fierce competition, low volumes and disadvantages to internal combustion engines. An International Energy Agency (IEA) report pegs $125/KWh as the level at which EVs achieve parity with those equipped with internal combustion engines (ICEs), but it also warns that since battery costs remain a major component of the current price tag for EVs, financial incentives such as rebates, tax breaks or exemptions will be needed to support electric car deployment.

Not surprisingly, AlixPartners, a U.S. consulting firm, sees an eye-popping $255 billion pouring into research and development and capital expenditures to bring some 207 electric models to the market by 2022. A further $61 billion has been earmarked for autonomous-vehicle technologies according to the study.

BMW recently said raw materials needed for car batteries will grow 10-fold in seven years, adding it has been surprised by "just how quickly demand will accelerate". BMW plans to offer 25 electrified vehicles by 2025 and, like many of its peers, it prefers using nickel-magnesium-cobalt batteries (EVs pioneer Tesla's favoured battery technology that uses less cobalt).

By Mining.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play