Will traditional vehicles disappear with the incursion of electric vehicles?

The auto electric vehicles have overtaken traditional vehicles to lead the global vehicle market despite recent challenges facing production lines, as the number of auto electricity used in 2020 increased by 43% globally to exceed 10 million auto, according to the International Energy Agency.

It should be noted that the industry of auto electricity and renewable energies require a lot of metals, in particular lithium, nickel and copper.

Amr Abdo, co-founder of the American Trader Academy, said the auto will continuously increase in number until the auto internal combustion will not disappear.

He indicated that the state of California in 2030 will ban the sale of auto conventional, and there are 17 other countries that are following the same approach.

He stressed that this development is natural and occurred earlier than when the current ones appeared auto traditional, which replaced the prevailing means of transport before auto for only 8 years.

He explained that the strategic plans of the major manufacturers of auto electric signals indicate a strong trend towards auto electric, as some companies have set up mining departments to secure raw materials prime necessary for the production of auto electric.

He pointed out that China has found an opportunity to compete in this field and the automotive industry has not adopted auto electric and will not be present in the next phase.

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