Electrical Vehicle Adoption - Analysis and Commentary - April 2023.pptx

Electrical
Vehicle Sales
and Adoption
PAUL YOUNG CPA CGA
APRIL 19. 2023

Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul.Young@actionkpi.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
YouTube - https://www.youtube.com/user/youngercga1968/videos

Agenda
 Electrical Vehicle sales
 Blog – Critical Material
 Blog – Carbon Pricing
 Canada Power Production by Fuel
 Key Countries / Power Generation
 Smart Grids
 Micro Power Plants
 Top Countries / Clean Energy
 Technology / Power Generation
 Green Agenda
 Plug-in stations
 Power Rates / Canada
 Solar Power
 Sales Forecasting

EV Sales
Source - https://www.wfae.org/energy-environment/2021-09-04/electric-vehicle-sales-are-
booming-in-the-u-s-but-the-southeast-lags

Vehicle Registration and Incentives
• Costs per each vehicle would range from $3K
to $5K
• This program has cost $500M and the
results are that 7% of the vehicles sold are
fully electrical
• The target of 20% by 2026 would mean
doubling the target of 4% each year. This
would also likely cost the govt $1.8B to
$2.5B

USA Market
Source -
https://insideevs.com/news/
532721/us-bev-market-july-
2021/

North American Automotive Market
Global auto sales slid for a fourth consecutive month in August with a -7.6% m/m (sa) contraction as limited inventory
around the world impacted sales
A sharp -10.7% m/m deterioration in US auto sales stood out as North American auto production pulled back by -12%
m/m (sa), keeping already-depressed retail inventory low. But no region was immune with notable sales declines in most
major markets including China (-6.6% m/m) and Germany (-10.5% m/m).
North American continues to see growth of electrical vehicles. The growth still lags the combustion engine due to many
factors including cost, lack of access to plug-in stations, fire risk (GM Volt), battery capacity, production capacity, etc.
Source – Scotiabank
Additional Links: https://www.slideshare.net/paulyoungcga/global-automotive-market-what-is-next-250358443

Electrical Vehicle Environmental Issues
 Methods of mining critical material and how power used to re-charge them can impact the
environment - https://www.cbc.ca/news/science/ev-electric-vehicle-carbon-footprint-
1.5394126
 Sustainable Transit - https://www.popsci.com/story/environment/electric-vehicles-emissions/
 Firefighting - https://www.caranddriver.com/news/a34335268/electric-car-fire-preparedness-
ntsb-report/
 Failures - https://phys.org/news/2019-03-electric-vehicles-failure.html
 Fabrication process - https://www.forbes.com/sites/jamesellsmoor/2019/05/20/are-electric-
vehicles-really-better-for-the-environment/?sh=532bb86b76d2

Fire issues / Batteries
Source - https://www.nextbigfuture.com/2021/09/gm-lg-and-hyundai-battery-fixes-from-mid-october-2021-
2023.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29

Weather and eVehicle Batteries
 Cold weather - https://www.saskpower.com/about-us/our-company/blog/2021/myth-electric-vehicles-
cant-handle-our-cold-saskatchewan-winters
 Battery range - https://leasing.com/car-leasing-news/electric-vehicle-range-in-winter/
 Battery performance in the cold - https://www.notebookcheck.net/Electric-cars-performance-and-battery-
range-in-cold-weather-must-be-improved-say-Chinese-regulators.583003.0.html
 Heat and traffic jams - https://sports.yahoo.com/fact-check-electric-vehicles-more-180006875.html

EV as % of Total
Vehicle Sales
Source -
https://energy.economictime
s.indiatimes.com/news/powe
r/top-10-countries-with-
highest-share-of-electric-
vehicles/68584607

Blog – Critical Material
Blog – Electricity and Power Generation – Analysis and Commentary – October 2023 - https://www.linkedin.com/pulse/blog-electricity-power-generation-
analysis-commentary-paul-young
Electrical vehicle adoption continues to expand across the grid - https://finance.yahoo.com/news/ev-adoption-soaring-across-world-133519454.html
Energy sector continues to look at ways to move to cleaner sources of power - https://www.be-the-story.com/en/environment/the-cleanest-countries-
leading-the-way-to-renewable-energy/ or https://www.utilitydive.com/news/2023-us-power-sector-trends-renewables-reliability-FERC-cybersecurity-
hydrogen-nuclear-storage-EVs/640307/ or https://www.energymonitor.ai/sectors/power/which-us-states-are-winning-the-race-to-phase-out-coal/
New industrialize era - https://www.cnbc.com/2023/01/12/the-world-is-at-the-dawn-of-a-new-industrial-age-iea-says-.html
Coal-fired plants continue to be used due to fact there are energy sources - https://www.miningreview.com/coal/global-coal-demand-is-set-to-rise-amid-
upheaval-of-the-energy-crisis/
Expanding of plug-in stations is a key focus area as part of zero emissions vehicle adoption - https://www.wired.com/story/people-love-electric-vehicles-
now-comes-the-hard-part/
Developing lithium and other critical metals in a sustainable way will play a key role in the expansion of the clean economy -
https://oilprice.com/Metals/Commodities/US-Lithium-Production-Is-Set-To-Explode.html or https://www.webwire.com/ViewPressRel.asp?aId=299140 or
https://www.euronews.com/green/2022/02/01/south-america-s-lithium-fields-reveal-the-dark-side-of-our-electric-future “Approximately 2.2 million litres
of water is needed to produce one ton of lithium” https://www.canadianmanufacturing.com/manufacturing/environment-minister-gives-the-green-light-
to-a-lithium-mine-in-northern-que-288601/?utm_source=rss&utm_medium=rss&utm_campaign=environment-minister-gives-the-green-light-to-a-lithium-
mine-in-northern-que
My work: https://www.slideshare.net/secret/ukhko1Ld92axnK

Australia and USA
@JoeBiden
China still has not lived up to their imports from the USA. China imports are 75% of the 200B
min. promise when USA signed an agreement with China.
USA is doing one thing right that is partnering with AUS on supplies related to critical metals
https://www.slideshare.net/paulyoungcga/merchandise-tradethe-united-states-december-2021
Blog – Trade – United States – December 2021
@mary_ng you like take credit for a reduction in tariffs for the softwood lumber. The reality you
have failed to resolve the softwood impasse for over 6 years. The only reason the tariff was
reduced is due to high cost of lumber.
https://www.slideshare.net/paulyoungcga/merchandise-tradethe-united-states-december-2021
USA Trade -
December 2021.pdf
US-China trade deal
a ‘historic failure’ with purchases more than 30 per cent short of target, PIIE report says South China Morning Post.pdf
trends-in-australias-b
alance-of-payments.pdf
The United States
and Australia A Vital Partnership for the Indo-Pacific Region and the World - United States Department of State.pdf
Rising LNG Exports
Are Becoming A Problem For Biden OilPrice.com.pdf
American Agricultural
Exports Shattered Records in 2021 USDA.pdf
US Crude Imports
Climb, Exports Dip in 2021 Energy Intelligence.pdf
USA origin -
Manufuacturing Automotive.pdf
DOC Reverses
Course on Canadian Softwood Lumber Duties - Structural Building Components Association.pdf
Global chip shortage
gives US manufacturing a boost - CNET.pdf
Trade and Japan.pdf US mineral mining
badly lags Biden’s clean energy goals IHS Markit.pdf
Best EV Stocks To
Buy And Watch Now 5 Top Stocks For December 2021 Investor's Business Daily.pdf
US-Ports US marine
terminal acreage abuse cements port congestion.pdf
Four Ways We Can
Boost Supply Chain Risk and Resilience Education 2022-02-08 SupplyChainBrain.pdf
Supply chain winners
and losers in 2022 - Investment Monitor.pdf
US Trade Deficit Hits
Record, Reflecting Strong Economic Growth.pdf
China bought none
of the extra $200 billion of US exports in Trump's trade PIIE.pdf
Summary:
The United States posted its largest ever full-year trade deficit in the 12 months ending in
December, according to data released by the Commerce Department on Tuesday, signaling
continued strong economic growth and vibrant consumer demand as the country emerges from
the recession induced by the COVID-19 pandemic.
https://www.voanews.com/a/us-trade-deficit-hits-record-reflecting-strong-economic-
growt/6433235.html
1. USA and Australia critical metals - https://www.state.gov/the-united-states-and-australia-a-
vital-partnership-for-the-indo-pacific-region-and-the-world/
2. LNG - https://oilprice.com/Energy/Energy-General/Rising-LNG-Exports-Are-Becoming-A-
Problem-For-Biden.html

Power Generation / Key Country –

Smart Grids
Source -
https://www.globenewswire.c
om/news-
release/2020/08/13/2077717
/0/en/Worldwide-
Transformer-Monitoring-
System-2019-to-2027-
Offshore-Wind-Farms-
Presents-Opportunities.html

Micro power plants
Source - https://www.marketsandmarkets.com/PressReleases/micro-grid-
electronics.asp

Top Countries /
Clean Energy
 Top 10 green countries are European -
https://www.conserve-energy-future.com/greenest-
countries-earth.php
 Iceland leads the world in terms of clean energy (Wind,
Solar, Tidal, and Geothermal) -
https://www.clickenergy.com.au/news-blog/12-
countries-leading-the-way-in-renewable-energy
 50% of the emissions come from China, USA, and India
- https://www.ucsusa.org/resources/each-countrys-
share-co2-emissions
 Circular Economy -
https://www.slideshare.net/paulyoungcga/how-to-
best-support-a-circular-economy

Plug-in Stations
 Use of diesel generators - https://thedriven.io/2018/12/14/diesel-charge-evs-
remote-locations-greener-than-you-think/
 Viability - https://financialpost.com/commodities/energy/electric-vehicles/ev-
charging-industry-is-doing-everything-except-showing-a-profit or
https://www.bloomberg.com/news/articles/2021-04-30/ev-charging-industry-is-
doing-everything-except-showing-a-profit
 Sizeable infrastructure must be built to support electrical vehicles
 Source - https://www.slideshare.net/paulyoungcga/plugin-stations-electrical-vehicles-february-
2021

Charging issues
Source -
https://www.supplypro.ca/slo
w-charging-times-threaten-
ev-sales/

Technology /
Power
 AI and Power Production - https://www.uniper.energy/news/4-
benefits-of-ai-in-the-operation-of-power-plants/
 AI will reshape energy production - https://www.petroleum-
economist.com/articles/low-carbon-energy/energy-
transition/2020/ai-will-shape-the-energy-transition
 IBM and Verizon (5G) - https://newsroom.ibm.com/2020-07-16-
IBM-and-Verizon-Business-to-Collaborate-on-5G-and-AI-
Solutions-at-the-Enterprise-Edge
 RPA and Energy Sector - https://www.tcs.com/blogs/measuring-
effort-in-robotic-process-automation
 Analytics / Utilities - https://www.globenewswire.com/news-
release/2020/06/22/2051219/0/en/4-3-Billion-Energy-and-
Utilities-Analytics-Industry-to-2025-COVID-19-to-Have-a-
Significant-Impact-on-the-Sector.html
 Hydro Quebec line inspection -
https://ca.finance.yahoo.com/news/hydro-qu-bec-nucleom-sign-
100000195.html

Solar Power
Blog – Solar Panels – What is Next? - https://www.linkedin.com/pulse/blog-solar-panels-what-next-paul-young/?published=t
- Shortage of raw materials to make solar panels.
- Load factors with solar panels.
- Natural resources sector needs to be identified as a critical area with the supply chain.
Summary
 The global solar panels market exceeded USD $115 billion in 2019 and is expected to exceed $176 billion by 2027.
 The global solar panels market exceeded USD $115 billion in 2019 and is expected to exceed $176 billion by 2027. The German government has
undertaken initiatives to implement solar power in the country and target having 50% of their energy being derived from renewable sources by 2025.
 https://www.canadianmanufacturing.com/manufacturing/gblt-corp-announces-relaunching-of-its-solar-energy-division-267817/
 Risks
 Risk 1: Changing Regulations: Losing Net Metering or SRECs.
 Risk 2: Electric Prices Stagnating, or Worse, Getting Cheaper.
 Risk 3: Partnering with an Underperforming Installer.
 Risk 4: Damage to Your Roof.
 Risk 5: Spending More Money if your Roof Needs Replaced.
 https://www.paradisesolarenergy.com/blog/the-top-risks-to-owning-a-solar-system

Scope 1, Scope 2, and Scope 3 –
Sustainability Reporting
Blog - How CFOs are handling the push for more ESG reporting - https://www.linkedin.com/posts/paul-young-
055632b_how-cfos-are-handling-the-push-for-more-esg-activity-7029095530534223872-
dQuk?utm_source=share&utm_medium=member_desktop
https://www.fm-magazine.com/news/2023/feb/how-cfos-handling-push-more-esg-reporting.html
My work provides a good introduction to sustainability reporting including scope 1, scope 2, and scope 3 -
https://ibm.box.com/s/65qfchp56iz78bbpablvk4bcxe7tyia7

ESG Reporting
SEC may require climate risk disclosures in expanded 10-Ks: Gensler
 Securities and Exchange Commission (SEC) Chair Gary Gensler has asked agency staff to submit a proposal for mandatory climate risk
disclosures for consideration by the end of 2021. Such reports may be required in an expanded Form 10-K and describe a company’s direct
and indirect carbon emissions, including those by suppliers and partners in its “value chain.”
 Companies may be required to disclose both qualitative and quantitative details, including how they manage climate-related risks and
opportunities in day-to-day operations and in broad strategy, Gensler said Wednesday. They may also need to report on metrics such as
greenhouse gas emissions, financial impacts of climate change and progress towards climate-related goals.
 “Today, investors increasingly want to understand the climate risks of the companies whose stock they own or might buy,” Gensler said in
remarks during a webinar. “InveHttps://www.cfodive.com/news/sec-may-require-climate-risk-disclosures-expanded-10-ks-
gensler/604084/?utm_source=Sailthru&utm_medium=email&utm_campaignstors are looking for consistent, comparable, and decision-
useful disclosures so they can put their money in companies that fit their needs. =Issue:%202021-07-
29%20CFO%20Dive%20%5Bissue:35724%5D&utm_term=CFO%20Dive
Here is my latest presentation on Environmental, Social, and Governance (ESG) reporting - https://www.linkedin.com/posts/paul-young-
055632b_box-activity-6822831792043769856-T0Fe

Summary
 More and more countries are moving to cleaner fuel supply for their electricity needs
 Cold weather has played havoc with renewable sources like wind and solar - https://www.foxbusiness.com/energy/texas-
winter-storm-shows-diverse-energy-supply-needed-ex-energy-secretary
 More options when it comes to smart grids - https://www.whatissmartenergy.org/energy-blog/3-key-benefits-of-the-
smart-grid
 There are issues with government subsidies and EV adoption - https://uk.motor1.com/news/491304/report-questions-
government-ev-grant/ or https://theconversation.com/electric-vehicles-as-an-example-of-a-market-failure-111783
 Tesla makes up the vast majority of electrical vehicles - https://www.cnet.com/roadshow/news/tesla-cars-ev-registrations-
us/
 Global economy continues to be very fragile - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-
economy-january-2021 or https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-april-2021 or
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy
Blog – Zero Emissions and Hybrid Vehicles Analysis and Commentary – April 2023
Summary:
According to a recent poll, roughly four out of 10 adults in the U.S. who drive gas cars are at least
somewhat likely to switch to EVs for their next vehicle purchase, as reported by the Chicago Tribune. The
poll was jointly conducted by the Associated Press-NORC Center for Public Affairs Research and the
University of Chicago’
s Energy Policy Insti tute, and it suggests that there’
s sti ll some room to grow when
it comes to both charging infrastructure and EV prices.
Source - https://insideevs.com/news/662932/poll-four-in-10-drivers-may-buy-electric-car-next/
Other sources:
Electrical vehicle sales hit 812K for the February 2023 - https://insideevs.com/news/661954/global-
plugin-car-sales-february2023/
There conti nues to be an issue with lithium supplies and pricing -
https://www
.australianresourcesandinvestment.com.au/2023/04/19/why-2023-is-a-pivotal-year-for-
lithium-prices/
Plug-in stati ons - https://www
.myev
.com/research/ev-101/what-it-costs-to-charge-an-electric-vehicle
Affordability is sti ll an issue with electrical vehicles -
https://www
.americanenergyalliance.org/2023/04/biden-pricing-working-families-out-of-car-ownership/
Fire risks - https://www
.9news.com/art
i cle/news/local/next/next-with-kyle-clark/firefighters-change-
training-electric-battery-fires/73-0cd31447-74ca-4920-ab7c-a5e4aa19779e
Insurance Risks - https://insurancenewsnet.com/innarti cle/bidens-call-for-evs-raises-questi ons-for-many-
including-insurers
Supply chain - https://www
.mining.com/supply-chain-problems-in-the-forecast-as-battery-metals-
demand-surges-study/
Environmental - https://earth.org/lithium-and-cobalt-mining/

Electrical Vehicle Adoption - Analysis and Commentary - April 2023.pptx

Recommended

Recommended

More Related Content

Similar to Electrical Vehicle Adoption - Analysis and Commentary - April 2023.pptx

Similar to Electrical Vehicle Adoption - Analysis and Commentary - April 2023.pptx (20)

More from paul young cpa, cga

More from paul young cpa, cga (20)

Recently uploaded

Recently uploaded (20)

Electrical Vehicle Adoption - Analysis and Commentary - April 2023.pptx

Editor's Notes