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Swiss Resource Capital AG Poststrasse 1 9100 Herisau, Switzerland http://www.resource-capital.ch
Contact Mr Jörg Schulte +49 2983 974041

Electric cars in demand in the USA

Electric vehicles will soon account for ten percent of all vehicles sold

(PresseBox) (Herisau, )
In the third quarter of 2024, almost 350,000 new electric cars were registered in the USA. This is eleven percent more than in the same period of the previous year. At the end of 2023, there were almost 42 million electric vehicles (passenger cars) on the road worldwide. Most of them in China, followed by the USA and Germany. Norway accounts for the largest share of newly registered e-vehicles. A full 90.2 percent of new registrations there were electric cars in the first quarter of 2024. According to forecasts, the total number of e-vehicles in the world is set to grow to around 226 million by 2030. In Germany, sales of environmentally friendly vehicles are weakening due to the environmental bonus that no longer exists. The driving force behind the growth in electric cars is and remains China. More than one million e-vehicles were sold in the first quarter of 2024.

The lithium-ion battery is still the heart of electric cars, and this will not change in the foreseeable future, according to the experts. Raw materials such as lithium, cobalt, but also nickel, zinc and copper are needed in the automotive industry. But what about hydrogen cars? As recently announced by a well-known Munich-based car manufacturer, series production of a hydrogen car with a fuel cell is due to start in 2028. By then, the necessary infrastructure should also have undergone significant further development. This is because hydrogen is to be part of a climate-neutral energy mix. Fossil fuels are to be saved, particularly in industry, for example in steelworks. Large quantities of platinum are required for electrolysis.

Sibanye-Stillwater - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ - is a major producer of platinum metals and gold. Its projects are located in South Africa and the USA. Battery metals are now also on Sibanye-Stillwater's radar.

Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - owns cobalt and nickel in the Crawford project in Ontario. This is wholly owned by the company.

Current company information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.