This week our attention turns to the growing electrification of our world. Nucleus Wealth’s Head of Investments Damien Klassen, and Head of Advice Tim Fuller are joined by energy aficionado Paul Martin to help us determine if battery tech will ice the petrol car
You can read Paul’s articles here: https://www.linkedin.com/in/paul-martin-195763b/
Whilst for most of us this is probably the most noticeable in the evolution of our gardening equipment, leading the vanguard of the new era in “powered by power” devices is the electric vehicle, or EV.
Tesla, with the help of significant US government support, has spent the last decade or so dragging the western automotive industry from its rusted-on adherence to fossil fuel powered engines, into the 21st century and beyond.
As electric vehicles have been proven to be, not just the future, but the near future, more and more established players have been forced to develop and adapt their own vehicle production methods to try to stay relevant.
With all emerging technologies, and in particular big tasks like redefining how our vehicles are powered, there comes engineering challenges, alternative energy approaches and vested interests.
Several energy sources have been offered as alternatives to batteries, with hydrogen being brought to the fore as a potential suitor with some noteworthy advantages, on the surface anyway. But more on that in the show.
To help colour in the exciting and long overdue revision of reenergising global transport we are lucky to be joined on the line, from Canada, by energy aficionado, Paul Martin.
Take us on your daily commute! Nucleus Investment Insights is available in Podcast form on iTunes and all major Android Podcast Platforms.
Timestamps:
00:00 intro
01:27 video starts
04:40 Elon Musk’s quote
19:45 price of renewables
25:50 Government policy on climate
28:56 Switching the whole grid to EV’s
33:40 How low can battery costs go?
39:58 Moving away from combustion engines
44:30 Moving away from fossil fuels
47:05 Natural gas
54:33 Solid state batteries
1:09:45 Tesla’s battery use
1:12:40 Hydrogen
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Tim Fuller is Head of Advice at Nucleus Wealth.
