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Who’ll
Run the World? Batteries Will!
As a
car enthusiast, I am perplexed by the projections made by analysts that say
that electric vehicle sales will skyrocket in the next ten years. As an
American, I grew up loving the sound of a cammed American V8 muscle car, but
political leaders around the world do not share the same opinion as I do, and
have pushed for stricter environmental regulations that are practically forcing
car manufacturers to produce electric cars even though the cost to produce electric
cars makes these cars uncompetitive in the market. The use of battery powered
vehicles has proven to be a challenge for car manufactures as the required
gigawatt hours required to power these vehicles has proven to be rather
expensive and is therefore expected to minimize potential revenue margins.
However,
East Asian companies such as LG Chem, Samsung SDI, and BYD (partially owned by
Berkshire Hathaway) have stepped up meet projected demand, government
regulations, and minimize productions costs. In about ten years, we will see
how this production cost challenge is resolved, as government regulations would
be in full effect and car man
By: Gustavo Ocampo
https://www.wsj.com/articles/batteries-are-taking-over-the-world-1511880319
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