$CDSG #Lithium Electric vehicles require six times
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Posted On: 08/02/2023 3:00:20 PM
$CDSG #Lithium Electric vehicles require six times the mineral inputs of conventional cars, according to the International Energy Agency. The lithium required for the batteries that power those vehicles poses a challenge to the EV supply chain. Established mining companies currently don’t have enough lithium to supply the automotive industry.
The IEA estimated in a 2021 report that mineral demand for use in EVs and battery storage could grow 30 times by 2040. https://epsnews.com/2023/07/11/is-there-enoug...-adoption/
The IEA estimated in a 2021 report that mineral demand for use in EVs and battery storage could grow 30 times by 2040. https://epsnews.com/2023/07/11/is-there-enoug...-adoption/
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