Today’s EV trend is being fueled by $billions in investment by the world’s largest automakers such as Volkswagen, BMW, Toyota, Nissan, Hyundai, GM, Ford, and Fiat-Chrysler.
In fact, commitments to invest in lithium-ion batteries and EVs now totals an astounding US$90 billion globally with 39+ automakers moving into the electric/plug-in hybrid vehicle space.
James Jeary of CRU Group told Investing News Network (INN), “The main surprise in the lithium market this year was on the demand side. EV sales were hugely resilient, particularly in Europe. Even in China, the recovery of sales in H2 after a sluggish H1 has been very strong.”
Bloomberg New Energy Finance projects that by 2040, 58% of all global vehicle sales will be electric. That’s over 55 million EVs being sold annually — a nearly 20-fold increase from the 3 million being sold today.
The global demand for a cleaner, greener future is a goal that Argentina Lithium & Energy believes it can support through the exploration and development of lithium resources in South America’s Lithium Triangle — particularly via its two 100%-owned projects, plus pending lithium property acquisitions, in northwestern Argentina.