EV adoption rate reaching critical mass as search for ethical cobalt heats up – by Henry Lazenby (MiningWeekly.com – March 20, 2018)


VANCOUVER (miningweekly.com) – Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated.

“Cobalt 27 is a proxy for the adoption of the EV,” executive chairperson Anthony Milewski told Mining Weekly Online in an interview. “What our most recent raise tells one is that the thematic is picking up pace.”

He pointed to the EV adoption rate hitting 1.8% at the end of 2017. “Currently, Wall Street has projections for 2025 of an EV penetration rate of 15%.

If you extrapolate the current growth rate, 462% year-on-year in January, and EV adoption growth of 1.8% at year-end, one is actually looking at something closer to 30% penetration by 2025.

“That blows away any analyst expectations and it comes back to this thing about disruptive technology,” he said.When he thinks about disruptive technology – whether it’s tin foil, or laptops – there are really two qualities that plays out time and again in the adoption process.

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