C.S. Surprise, surprise: 50 million - this number will make Electric cars the Next Big Thing with explosive growth rate. Nobody knows for sure, but it is our big IF - What if people decide that it is Cool to Drive an Electric Car? Please note the place of Asia in this estimation: it is demographic situation multiplied by disruption technology to address the Peak Oil scenario. We have a downside risk as usual: Deflation can still grip its power, but with scared G20 leaders RBS is calling now for QE and run of printing press at unprecedented level sighting "the best paper ever written on Depression" by Mr Bernanke. RBS was spot on the money before the crises (it did not help them anyway) and now we have them backing our case. After all the years betting "against the FED" we are putting our bets on the FED and its final resource. Situation is so bad in the Western banking system and with sovereign debt, that there is no other way than to Inflate our way out of the debt and keep all Insolvent system running preventing collapse. In case that we will not end our lives living in caves we will need to cope with much higher Oil prices and it is even more explosive than Bull market in Gold from 2002: we are talking not about wealth preservation, but about food on the table in five years time. With Oil solidly above 80 USD per barrel our Lithium squad will start its second leg up. European debt scare will pass with new amount of Liquidity pumped into the system: pockets of growth will benefit exponentially with flood of money fighting for the yield. Tesla's IPO brings big players into the sector and news wires into action and ignites Electric Fever. Lithium Rush will be next to follow.
KUALA LUMPUR, June 25 (Bernama) -- The plug-in hybrid electric vehicles (PHEVs) are likely to attract about 50 million drivers globally, said a survey by Ernst & Young's Global Automotive Centre.
In a statement here Friday, Ernst & Young said over 25 per cent of the drivers surveyed across the US, Europe, China and Japan said they would likely consider buying PHEVs as soon as they were available on the market.
The survey said nearly seven per cent of the respondents indicated they would definitely consider buying a PHEV, it said.
"Applying each market's percentage of those who said they would definitely buy to the number of registered drivers in each region results in a potential early adopter group of approximately 50 million drivers globally, over half of which are in China," it said.
Ernst & Young Global Automotive Leader, Mike Hanley, said the survey showed that PHEVs and electric vehicles had the opportunity to make a significant entrance into the global automotive market over the next few years.
"Even if only a small portion of the survey respondents who said they would definitely consider one of these vehicles are serious, there will still be more than enough demand to sell out the estimated 2010 and 2011 production runs of the major and new vehicles manufacturers," he said.