RE: Solar Power will obsolete Petrol Power

Gladys,

Thanks . This was enlightening !

hcp

From: GLADYS VAZ [mailto:gladys.vaz88@hotmail.com]
Sent: 29 May 2017 15:24
To: Hemen Parekh
Subject: Fw: Solar Power will obsolete Petrol Power

I received this forward about Solar Power. Thought I would share it...
Regards
Gladys

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Hi Gladys,

In the light of the article below, a sobering thought for those of us who thought that Solar Power is the escape route to curtail global warming. Please click on the link below to read why the technology that can mass produce solar panels is not so clean in itself..

Shared by World Economic Forum

Solar power: Do the ends justify the means? World Economic Forum Scientists have just discovered massive amounts of a rare metal called tellurium, a key element in cutting-edge solar...       Read more at World Economic Forum

Neville

FWD: New options on the car front...

Time to Reinvent for Hindustan Petroleum - Bharat Petroleum  ?

To understand why , read following report from CNBC Reporter's notebook :

---------------------------------------------------------------------------------------------------Be warned: $25 oil is coming, and along with it, a new world order

The world as we know it, will be no longer. The balance of power on a global scale will shift.  All in the next decade.

First and foremost, RethinkX co-founder and Stanford University economist and professor Tony Seba told CNBC's Street Signs that the rise of self-drive cars will see oil demand plummet, the price of oil drop to $25 a barrel, and oil producers left without the political or financial capital they have today.

It's a big call, right ? But if you look at what's behind Seba's premise, surprise, surprise, it comes down to money.

He says we are not going to stop driving altogether, just switch to self-drive electric vehicles, which will become a much larger part of the sharing economy.

And these electric vehicles are going to cost less to both buy and run.

"The day that autonomous vehicles are approved, the combination of ride hailing, electric and autonomous means that it's going to be ten times cheaper, up to ten times cheaper, to use a robot taxi, transport as a service car, than it is to own a car.  Ten times."

China and India are accelerating the adoption of electric vehicles. China wants to get electric, plug-in hybrids and fuel cell cars to account for 20 per cent of all auto sales by 2025, while India aims to electrify all vehicles in the country by 2032.

Also Monday, Toyota Research Institute ramped up their investment, teaming up with MIT Media lab and five other companies to explore block-chain technology for the development of driverless cars.

Trip Chowdhry, managing director and senior analyst at Global Equities Research, points out that while some people think Tesla is an Auto company, it is not.

"It is a cloud computing company, it's a machine and an artificial intelligence company, it is an app company, it is an energy company, and just an automobile is nothing more than a laptop on four wheels."

One point that is agreed, is that the auto industry will look vastly different in the future.

The question is, just how long will that change take, and who is going to successfully adapt.

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CONTEXT :

In my yesterday’s blog ( Pawan Goenka knows his Onions ) , I had quoted Pawan Goenka ( Chairman , Mahindra Electricals ) , as :

“ Plus, instead of giving any more subsidies, the government should instead be steady on its policies for the next few years, which will give confidence to the OEMs, suppliers and others to invest in the segment “

He is confident to bring down the cost ( - and the selling price ) of Mahindra Electric cars by 20 %

He is not alone in pointing out that the Car Manufacturers  DO NOT need incentives to switch over from Petrol / Diesel to Electric cars

Yesterday’s Business Line , quotes Toyata Kirloskar Motor Vice Chairman , Shri Shekhar Viswanathan as saying :

“ We are saying that you don’t even have to offer incentives , but one should not discriminate against hybrid.

The strong hybrids we make run on electric . It behaves exactly like electric cars but it also runs on fuel

Whenever we have engaged with the government on promoting hybrid cars, there is a fear that we want to do it at the expense of the electric

Encouraging hybrid will lead to creating an eco-system for electric cars

Promotion of hybrid will, in fact, promote electric cars, and at the same time, bring down the cost of batteries

The automobile industry is heavily taxed anyway . Nearly 60 per cent of the total cost of car goes towards taxes “

QUESTION :

Apparently , both, Shri Goenka and Shri Viswanathan understand that manufacturing an Electric car will cost LESS than manufacturing a Petrol / Diesel car , simply because,

·      Petrol / Diesel car has 2000 parts

·      Electric car has 20 parts

·      Li-ion Battery prices ( per Kwh ) are expected to drop from current $ 270 to $ 150 by 2019 ( which , currently make up 50% - 70 % of car cost )

Obviously this has prompted Mahindra to announce ramping up its production of electric cars from current 500 / month to 5,000 / month, by 2019

There can be no doubt that lakhs of auto component manufacturers have realized that , unless they too “ re-invent “ , they will be dead by 2022 !

And auto repair shop owners will not get caught “ sleeping “ when the D-Day arrives !

What about Hindustan Petroleum and Bharat Petroleum ?

Will they re-invent themselves or turn into another Air India ?

I have no doubt , Minister for Petroleum , Shri Dharmendra Pradhan , has a strategy  !

26  May  2017

www.hemenparekh.in / blogs