Longshadow Loc: Audubon, PA, United States

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Inter-City Express

agillot

$2.95 in TX, going down

dpullum Loc: Tampa Florida

"Unfortunately, Chinese companies have acquired the rights to lithium in other countries." Yes, China is indeed a Capitalist country by definition. "an economic and political system in which a country's trade and industry are controlled by private owners for profit." "Ganfeng Lithium along with Albemarle, SQM, Tianqi Lithium, and Livent control more than 70% of the world’s lithium supply.
https://globalxetfs.co.jp/en/research/four-companies-leading-the-rise-of-lithium-battery-technology/

The stock is listed and so YOU can be part of it... suggesting that it is not owned by a "socialist" state like when England nationalized industries after WW2.
https://en.wikipedia.org/wiki/Postwar_Britain_(1945%E2%80%931979)

China is not communist by the classic definition or perhaps they are: "communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society." But the state does not own the companies if you can buy stock.
https://www.britannica.com/topic/communism

Ganfeng Lithium Group Co., Ltd. The company was founded on March 2, 2000 and is headquartered in Xinyu, China. 52 week range 6.40 - 11.49 per share.
https://www.marketwatch.com/investing/stock/gnenf

What is china.. capitalist, socialist, communist or a hybrid? in the "great leaders" words..."Deng himself was pragmatic: ‘What does it matter what is the colour of the cat provided it catches mice. He was also a gradualist – ‘crossing the river by feeling for the stones’ – interested in results rather than dogma or doctrine." We here in the USA are simplistic in thinking and label for comfort... Pigeon-holing is a danger to clear thinking.
https://www.futurelearn.com/info/courses/politics-of-economics/0/steps/30823

Thank you Jerry for prompting my search for info and my education.

docerz

You "Old Guys" are so uniformed! Study up! In less then a decade more than 50% of vehicles sold will be EVs.
Change scares people, I get it. Horse & buggy--->ICE automobiles... ICE--->EVs.
Enjoy your naysaying while you still have time left.

rlv567 Loc: Baguio City, Philippines

And those EVs all will be sitting in the driveway (outside the garage, so they won't burn the house down), waiting for enough electric power to charge the battery!!! Meanwhile, those who don't have enough money to buy EVs, will be so incensed by the increase in their taxes to try to supply that power that they will be burning down the houses, anyway!!!

Loren - in Beautiful Baguio City

alberio Loc: Casa Grande AZ

Also how much per KW?

sippyjug104 Loc: Missouri

I can fill the gas tank of my Ford Flex in about three minutes and be on my way. I also have peace of mind that just about anywhere I go there will be somewhere that I can fill my tank in a time of need.

I would not feel comfortable sitting in a car like a "dead duck" at night waiting for it to charge. Not all neighborhoods are "traveler friendly" and anyone driving a high-end expensive car is more likely to have "riches" than a fellow driving a mid-price range automobile.

Harold Stetson Loc: Marquam 97038

My friend went from Hillsboro Oregon to somewhere on the beach. 106 mile trip. He has a Kia which can go 320 miles full charge but don't charge it full it hurts the battery. It's winter so he has to run the heater and the wipers. Both electric. It should be 212 miles round trip and even the 280 at 80 percent would be enough. Not with heater and wipers. He needs electricity to be able to go home. He was in a small town on the beach and found 2 possibilities and it took some time to get enough to go home. Now it's late and be home before dark or you have to run your electric headlights and may be too much for it. Don't run your heated seats. During peak times California says please don't charge your car as we have rolling blackouts. How does that work? I think electric cars are part of our future but going all electric is crazy. We had fires a couple years ago and that should have clued people in to being diverse in there energy. Natural gas, Propane, Electricity maybe hydrogen but none of it does it all or is completely reliable. My propane froze up when running my gas powered generator on it and I had to go to gasoline for the extra power and to keep it from freezing and the generator dying. Propane is a refrigerant and produces 9 kw instead of 10 kw that I get on gasoline. I would have had to run my gas generator to charge my electric car to go get any groceries. The freezer was kept going with my gas generator. During our heat wave in 21 summer we were faced with blackouts because of too much power used. Huh? Take the day off and buy an electric car but don't sell you Chevy for winter and summer use when power demand it high.

Walkabout08

$0.15/kW on average in the USA

riderxlx Loc: DFW area Texas

WOW thanks for sharing this, I just ordered two of each.
Bruce.

jerryc41 Loc: Catskill Mts of NY

I'm always willing to give people the chance to do some work.

Chiroman8

Dear Maciej,

Thanks for info, can you please tell me how often they recommend putting in a new battery & the total cost. Thank you kindly.

tgreenhaw

;tldr - you would save $33

I've had 2 Tesla starting in 2013. They for my driving habits average about about 3 miles per kilowatt hour. With my cost of 9 cents per kilowatt hour it cost 3 cents to drive a mile.

Assuming your car gets 25 miles per gallon, at 3.459 per gallon the cost is about 14 cents per mile.

So 12 gallons would cost $42 with 300 mile of range, and the the cost of electricity would be $9 for a savings of $33.

This ignores the additional facts that you don't need lots of regular maintenance like oil, filters, brakes (Tesla brakes last at least 12k miles due to regenerative braking) so there are thousands of dollars of maintenance savings over the life of the vehicle.

All those things being said, EVs are more expensive and in the case of the high end Teslas, the savings will never outweigh the upfront cost. Also, EVs today are not for everybody. If you don't live in a home where you can recharge, or you routinely driver long distances, EVs are not for you.

tgreenhaw

In the case of Teslas, it it extremely unlikely you will ever need to replace the battery. They last for hundreds of thousands of miles and for the Model S has 150,000 miles or 8 years warranty.

BebuLamar

My last bill tax and all came out to 18 cents a kWh. The gas is now $2.92.