What do California, Quebec and Great Britain have in common?
They’ve all banned the sale of new gas-powered cars.
While the bans don’t take effect until 2030 in Great Britain, and 2035 in Quebec and California, the trend is clear – the days of the internal combustion engine are numbered.
President Joe Biden is under pressure from the US Senate to set a date banning the sale of new gas-powered vehicles
The European Union’s environment ministers struck a deal in 2020 to make the bloc’s 2050 net zero emissions target legally binding
China has stated it plans to ban the sale of gas- and diesel-powered cars in the future, though it has yet to confirm when
India’s asked the country’s gas-powered scooter and motorbike makers to develop plans to switch to electric vehicles
In 2018, German cities started to introduce bans on older diesel trucks
Obviously, the trend to ban gas- and diesel-powered vehicles bodes well for the electric vehicle (EV) industry.
So it’s no surprise that the main metals that comprise EV batteries – lithium, nickel and cobalt – are in a bull market.