The electric vehicle industry is gaining a reputation as being the future of transportation. This claim is mostly due to the significant leaps realized in electric transportation through Innovations by Tesla as a company. The effect of electric vehicles goes […]
The electric vehicle industry is gaining a reputation as being the future of transportation. This claim is mostly due to the significant leaps realized in electric transportation through Innovations by Tesla as a company.
The effect of electric vehicles goes hand-in-hand with the notion of reduced carbon emissions to the environment compared to traditional internal combustion engines. Electric vehicles achieve this by using high capacity batteries into the system that feeds power into the driving motors. Evidently, Tesla is at the top of the market, dominating through sales and drivable distance, and the top-of-the-range self-driving features that set it apart from the competition.
However, there are concerns about whether electric vehicles’ manufacture contributes a significant portion towards a greener future. Reports show that the leading company Tesla recently made an order to increase the nickel supply to its factory.
Tesla obtains its nickel supply from BHP, which is the largest miner of nickel in the world. Nickel supply is crucial in manufacturing batteries and is recognized as the major component of the Tesla battery pack.
While the other parties in the electric vehicle business stick to known materials like lithium, cobalt, and graphite, Tesla opted to integrate nickel as its primary component for batteries. The company plans to continue using nickel for future battery design as it shifts production to an in-house design.
Nickel is used in the manufacturing industry to make steel bars. Manufacturers prefer using the material because of the capacity to park high density in batteries while reducing the need to use a combination of materials like copper and cobalt. The capability of using a purely refined metal for designing the batteries reduces costs significantly.
Tesla’s announcement comes when the electric vehicle industry is recovering from the effects of the Coronavirus pandemic. Fortunately, Tesla leading in this recovery process with a record 50% increase in deliveries for the last quarter of 2020. However, a company expresses concern over nickel components’ availability, basing their concerns over announcements by major carmakers BMW and Audi shifting towards building their electric vehicle product line while receiving a considerable boost from the government.
The growth of the electric vehicle industry is unprecedented. Few people in the market saw its potential initially, which has now grown to become a significant contributor to the global market share. However, significant members of the EV market question of whether electric vehicles are really making a difference to the environment.