The Global Lithium-Ion Battery Market Size is Estimated to Exceed $94 Billion by 2025 finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Electric Vehicle Market Witnessing Exponential Growth is Proving to Beneficial for Lithium Mining
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PALM BEACH, Fla., June 9, 2021 /PRNewswire/ The electric vehicles (EVs) market has grown rapidly in the past few years and shows signs of continuing expansion for several years to come which is proving to be a huge windfall for Lithium production. Today, with the increasing concerns raised over the environmental impact of conventional vehicles, governments around the world are encouraging the adoption of vehicles using alternative sources of fuel. EVs are zero-emission vehicles and are gaining preference for clean public transport across countries. Several national governments offer financial incentives, such as tax exemptions and rebates, subsidies, reduced parking/toll fees for EVs, and free charging, to encourage the adoption of EVs. Thus, globally the requirement of EV battery is gaining fast pace. The
Tesla Motors, Inc (NASDAQ:TSLA), Pall Corporation (NYSE:PLL) - Tesla To Source Over $1B Worth Of Key Battery Materials From Australia Each Year benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Lithium is running into a severe supply-demand situation. All thanks to electric vehicle (EV) demand growing much faster than anyone expected. “By 2030, the world will see 125 million EVs on the road, which will only drive further demand for .