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Rainbow Rare Earths Plc

171 Years Before Tesla: The Evolution of Electric Vehicles

In 1900, electric cars accounted for about one-third of all vehicles on U.S. roads and then almost disappeared from the landscape as gasoline-engine models took over. Decades later, technological advances and concerns about the environment spurred their gradual revival, which isn’t so gradual anymore: By 2040, more than half of all new cars worldwide will be powered only by batteries, according to Bloomberg New Energy Finance estimates. Here is a look back at the evolution of the once and future hot thing, as companies prepare to display their planned and proposed EVs at CES, the year’s top consumer electronics show.


Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.