In the News
Derived Demand - Soaring Demand for Electric Vehicle Batteries
16th August 2017
Here is a great example of derived demand. According to this chart from the Economist, demand for vehicle batteries to charge electric vehicles could overtake that from consumer electronics as early as next year.
Demand for vehicle batteries could overtake that from consumer electronics as early as next year https://t.co/euRhjLtpFm pic.twitter.com/Vf3P7yTjAP
— The Economist Data Team (@ECONdailycharts) August 15, 2017
The £30m Faraday Challenge Prize is looking for the best research projects designed to design, development & manufacture of batteries for vehicle electrification.
£30m #innovationfunding to support design, development & manufacture of batteries for vehicle electrification https://t.co/dlkQhooxOd pic.twitter.com/OVbFdH5yb5
— R&D Funding Group (@RandD_Funding) August 14, 2017
Demand for lithium - used in vehicle batteries - is rising and this is potentially good news for the Cornish economy.
Lithium mining in Cornwall gets £1m boost https://t.co/LtUqGqvJqT
— BBC World Business (@BBCWorldBiz) August 14, 2017
For the internal combustion engine it’s not if but when will it be consigned to the history books #ev #auto #climateaction pic.twitter.com/Z1L0ihloiL
— We Mean Business Coalition (inactive) (@WMBtweets) August 21, 2017
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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