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Li-ion Reserve in the World: How it Revolutionised the EV Industry

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Newly found reservoirs of petroleum and crude oil decreased the oil price. Chile has the world’s highest lithium deposits by a huge margin. In 2020, Chile’s lithium reserves were expected to be 9.2 Model T was cheaper and had more range. million metric tonnes. With reserves valued at 4.7 Conclusion.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

in 2014 as a result of industrial overcapacity and weakness in the real estate sector. The size of the market contraction in Russia is the biggest wild card facing vehicle manufacturers across the European continent, if not the world, in 2015 and 2016.” Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015.

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Toyota digs for Lithium

Revenge of the Electric Car

Concerns about carbon emissions and their impact on climate change plus high and volatile oil prices are increasing the popularity of hybrid and electric vehicles despite their higher costs. Toyota uses nickel-metal-hydride batteries for the current Prius hybrid but has decided on lithium-ion batteries for future plug-in models.

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