Sunday, 9 February 2020

Betting On Black Swan ?



Acknowledgement :

Some of the information reproduced below, is sourced from :



Definition of a Black Swan :

·          It is an " OUTLIER ", as it lies outside the realm of regular expectations ,
      because nothing in the past can convincingly point to its possibility

·         It carries an " EXTREME  IMPACT "

·         In spite of its outlier status , human nature makes us concoct  
     " EXPLANATION " for its occurrence , after the fact , making it
     explainable and  PREDICTABLE


In brief ,


·         Rarity

·         Extreme Impact

·         Retrospective Predictability


According to Nassem Taleb, author of book “ Back Swan “ :

*   The highly expected  " not happening ",  is also a Black Swan

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Following tabulation shows some of the Electric Cars { displayed at AUTO EXPO-2020 } which are expected to be launched in 2020

Does any of these look like a Black Swan ?

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Srl No
Brand
Battery Capacity(Kwh )
Range ( Km )
Expected Price
( Rs Lakh )
Price / Kwh of Li-ion Battery
( Rs Lakh )
1
Audi e Tron
95
400
90
0.95
2
Jaguar Pace
90
470
100
1.11
3
Porche Tycan
79.2
333 - 407
108
1.36
4
MG ZS EV
44.5
340
21
0.47
5
BMW  i  3
42
150 - 200
100
2.4
6
Nissan Leaf
40
230 - 250
35
0.9
7
M&M XUV 300 EV
40
200 – 300
13
0.32
8
Tata Nexon EV
30.2
300
14
0.46
9
Tata Altroz EV
30
300
14
0.47
10
M&M  e KUV 100
15.9
140
8.5
0.53
11
Maruti Suzuki Futuro


6.2 - 8

12
GWM ( China ) Ora R 1




13
Hyundai Kona

450
25



Which could qualify as a Black Swan among Electric Cars ?


None of the above

It would be a car that would eliminate the need for thousands of road-side ( Lithium-ion ) Battery Charging Stations


Currently, there are about 58,000 petrol / diesel pumps

{ read :    25,000 New Petrol Pumps ? Why ?   }



As far as Battery Charging Stations are concerned, current scenario is as follows :

Ø  Sanctioned ( in 62 cities ) …………………… 2,636
Ø  Of which, by TATA Power……………………….  5,00
Ø  By ONGC………………………………………………… 1,400
Ø  Plus , by Government……………………………14,000


Depending upon “ fast charging “ capability, cost of setting up a Battery Charging Station can go up to Rs 25 lakhs



Are there any Black Swan candidates among Electric Cars ?

Yes !

There are two strong contenders ( - pity they did not / could not display at Auto Expo )


[ A ]

Cars with Solar roof-top panels , charging a small Li-ion Battery, as long as roof is exposed to sun light .

If some charging is required, it can be done at night from a domestic outlet, but no need for road-side battery charging stations !  No “ range anxiety “ !

Our own ISRO has demonstrated such a Maruti Van , nearly 3 years back :
Solar Panels charging Li-ion Batteries of Electric Cars ?                               [ 04 May 2017 ]


And Dilip Chitre of Nagpur , too has developed a prototype :

Congratulations, Dilip Chitre                                                                      [ 28 Oct 2019 ]

 

Then there are foreign contenders like :

Let Us go Dutch !                                                                                    [ 21 Jan 2018 ]

 

 

[ B ]


Cars that use Metal – Air batteries , which do not need road-side battery charging . 

These batteries get charged using AIR which surrounds us !

Here is information on possible contenders :

A PM with “ Inside Information “ ?                                                            [ 04 Feb 2020 ]

Congratulations , Shri GopuKumarji                                                          [ 30 Jan 2019 ]

Ashok Leyland : On the double                                                                 [ 01 Apr 2018 ]

Holy Grail for Electric Vehicles                                                                   [ 17 Feb 2018 ]

EV juice from Alu-Air Battery ?                                                                  [ 16 Jan 2018 ]

 

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I hope our Policy Makers realize / appreciate the importance of above-mentioned ALTERNATIVES

Then again, a Black Swan could also show up, if :

 

Ø  Oil sells for $ 100 / barrel , and

Ø  Rupee slides to $ 1 = Rs 100  ?


That would cost Rs 10,000 to buy a barrel of oil, which when refined, would yield between 40 – 70 litre of petrol ( depending upon the quality of crude ) . Let us assume, 50 litre of refined petrol from 1 barrel of crude

So , before refining, the RAW MATERIAL COST would be Rs 200 per litre of petrol  !

For you , that would translate to  Rs 450 per litre  at the petrol pump !

You do not have to be an expert to guess what such a scenario could mean to our economy

Of course, a great majority of experts would assure us that there is a very low probability of such an event happening

 

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10  Feb  2020

hcp@RecruitGuru.com

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