There's no escaping the fact that electric vehicles ( EVs), are garnering tremendous attention in the transportation industry. Tesla, Elon Musk's pioneering company and leading manufacturer of electrically-powered cars, has just recently come out with their most affordable car yet, the Model 3 sedan, with a sales price of about $35,000. Tesla plans to manufacture 20,000 Model 3 vehicles per month starting in 2018.
It may come as no surprise to you that Canada is currently the leading global financial hub for the mining industry. Canada consists of a huge amount of land -- the second largest country in the world in terms of land mass -- and under this land there lies an abundance of mineral resources. That being said, there's no way that Canadian land holds as much as three-quarters of the world's mineral deposits, and yet approximately 75% of the world's mining companies are based in Canada.
The use of diesel-powered machinery has been a great asset to the mining industry for the past several decades, as a result of its ability to significantly improve productivity and its history of being economical, rugged and reliable. When used in conjunction with underground mining, however, it's evident that diesel-powered equipment has some serious shortcomings that need to be addressed.