Electric Cars 2018: An industry disrupted
The 21st century is all about disruption. Not surprisingly, the auto industry is no exception. Our Electric Cars 2018 list breaks down the industry’s major players.
In the wake of such rampant change, we’ve decided to let you know who the major players are.
Without further ado, our Electric Cars 2018 list.
You’ll find 3 offerings. One from each of the world’s largest markets. Asia, North America and Europe.
Europe: Renault-Nissan-Mitsubishi Alliance
Regrettably, the European Union relies on Russian gas to fuel its automotive industry. As a result, electrifying its motorways could improve the region’s energy situation.
Leading the domestic charge is the Renault-Nissan-Mitsubishi Alliance, which originally formed in 1999. The Nissan Leaf is the current global leader in units sold per month.
Ultimately, the merger is a tool to increase shareholder value and EV market share. So far, it’s working.
North America: Tesla
The continent’s flagship EV producer is also its most successful. The Model 3 laps the pack in monthly EV sales, and over half of overall sales run through Tesla’s factories.
With its gigafactory set for completion within the next few years, Mr. Musk’s early start has benefited the firm immensely.
Competition for the American behemoth is growing, but nowhere near fierce. Furthermore, Tesla sits very close to the United States’ largest lithium reserve in Nevada. As companies and countries lobby for lithium projects, Tesla is well positioned as lithium demand intensifies.
Asia: BYD (Build Your Dreams)
We finish with a Chinese Titan. While China is home to many producers, we chose BYD because the private company has ascended the auto ranks remarkably fast.
That and Warren Buffett invested $230 million USD in BYD’s parent company. He owns a 10% stake.
On top of this, BYD sold the most EVs in the world in 2017.
Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of mining news, ULI is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V:ULI, OTCQB: ULTXF and Frankfurt: QFB).