The nature of motive power is changing. What comes next and how it arrives is shrouded in uncertainty, clouded in part by the rapid changes in competing technologies and the dishonesty of some politicians, regulators, and others.

• The market is full of nonsense.
• The market is full of wildly overly optimistic projections of EV market penetration.

CPM has been engaged in energy and energy technologies research and analysis since the 1970s. We are well known for our precious and specialty metals research, and our financial engineering skills, but we started in energy markets research and never left it. Our founder, Jeffrey Christian, wrote a book about EVs in 1979, for example.

CPM’s Energy Metals And Technology Practice helps investors and others cut through the guff and get to the realities behind these markets.

• There are massive constraints that slow any rapid market share growth for EVs.
• There is not enough electricity, electrical grids cannot handle what is needed, and the capital for automotive suppliers to build factories to supply EV components is not available to them.
• Also, EVs are not clean.
  • Most of the electricity still comes from coal, oil, and natural gas
  • The carbon dioxide given off making the batteries for some EVs equals 8 years of CO2 emissions from petroleum-burning cars.
  • Strangely, these emissions are not mentioned by governments and others.

CPM warned investors away from lithium and cobalt mining investments. We warned investors away from rare earth mining investments when those were the flavor of the moment. We wrote about the myth of peak oil.

Changes are coming, but it is going the be a multi-decade transformation and the technology that finally emerges is far from clear at this point.

There are investment opportunities in PGMs and other metals due to these factors. There are interesting energy technology investment opportunities on which CPM is working.

CPM’s advisory services help investors see through the nonsense, understand the errors of the overly optimistic projections, and make better investment decisions based on rational, unbiased research and analyses.

To discuss how CPM can help you stay on the right side of these markets, contact [email protected]