for Electric vehicle batteries
While EV sales have taken a hit during the pandemic, analysts believe it will not derail the march toward electrification.
The United States is losing the global battery arms race to China, with significant potential energy security consequences
Investors want exposure to companies that are involved in the production and distribution of battery metals, particularly with electric vehicles underpinning demand.
The latest Fact Pack from SAFE highlights developments in the U.S. EV market, which is poised to see significant growth in the coming years as a result of new models, lower battery costs, increased range, and growing consumer awareness.
As the world is on the cusp of a transportation revolution, one that can spur true fuel diversity and reduce oil dependence, it is important for the auto and battery industries to manage expectations and position capital investments in the right places so that their fate does not go the same way as the nuclear sector.
The ramp-up of battery production, combined with the rollout of a growing number of new EV models, ensures strong demand for lithium in the years ahead.