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Battery Powered Vehicles

You may have recently read about how Warren Buffett invested in electric car company called BYD. Now remember this investment comes from a man who only invests in the most conservative improvement companies. Many people laughed at him during the .com craze because he would not invest in technology companies as he didn’t understand their businesses. And now he is chosen to invest in a company whose claim to fame is improving the lithium-ion battery.

The direction this company is going in is absolutely incredible, it appears that in the very near future they will have a lithium-ion battery in production at a price target of $150 per kilowatt hour versus the $500 per kilowatt hour most current lithium-ion batteries cost now. Combine that with the fact that you can drink the fluid from the battery… it isn’t toxic.

All of a sudden we’re talking about battery powered vehicles that will cost less than vehicles powered by the internal combustion engine. If we combine that with the fact that their operating costs will be something like 25% of the operating costs on an internal combustion engine and think you can see our electrical needs are going to increase dramatically in the coming years. This is going to change the way we use electricity in our country, it’s going to cause a huge growth in the amount of electricity that we need… would you rather provide this with a source that is free like the sun and the wind and the waves or not. This is so simple I just don’t get why people don’t understand it… you can currently install a photovoltaic system on your business but will pay for itself and roughly 6 to 10 years depending on the size of the system and the cost of your electricity. After that, all about electricity is virtually free for somewhere between 20 to 50 years. If this was being offered to you as an investment for your retirement fund people would be jumping all over it. Do you realize that the photovoltaic panels that were installed on our satellites in the 60s are still providing power to those same satellites after more than 40 years in space.

If you think that a communication and technology revolution has been rapid just wait.  But the communication and technology that we have available for changes in how we produce energy Outlook is incredible. The idea that we would even consider building a coal-fired power plant at this time is so ignorant it’s almost laughable.

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