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Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

There is no doubt as to the push that Tesla has given the current automotive transition to electric vehicles (EVs). Since 2014, when Tesla first announced the Gigafactory with Panasonic, other manufacturers have begun to take notice and take action. Automotive Thrust. or Panasonic Corp. Demand Response: A Wild Ride.

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Rough road for EV industry

Green Car Congress

Even Tesla, despite its substantial efforts to hold the line on affordability, has suffered from the effects of war, supply chain disruptions and the rising costs of raw materials. Tesla isn’t the only EV manufacturer facing these hurdles. Lithium prices continue to rise, and no new domestic lithium sources have yet to be established.

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The Dirty Truth of Petrol & Diesel Vehicles

Plug In India

And the percentage of clean energy is growing every year as coal and gas plants are being replaced by renewable energy sources. Lithium is a metal that is mined in the deserts of Australia, China, Argentina, and Chile. In India 39.1% of electricity comes from sources that emit no CO2. In Europe it is even better at 56%.

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Will the world run out of lithium?

Drive Electric

The United States Geological Survey revealed that the world’s identified lithium resources are estimated to be around 79 million metric tons, with the largest reserves in Chile, Argentina, and Australia. The estimated amount of lithium needed to meet current demand is only between 0.5 – 1.3 million tons.

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Far from Finished

Green Car Congress

The report also suggests that Tesla, the world’s top EV manufacturer, is irrevocably dependent on China for its EV battery supplies, and countries such as Brazil and Argentina have shunned the US because of trade policies imposed by the Trump administration. The game must be over if Brazil and Argentina have jumped ship.

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Tesla releases its 2021 Impact Report, shows strides toward full sustainability

Teslarati

Tesla has released its 2021 Impact Report, and it revealed that the company is making huge strides in its efforts to help accelerate the world’s shift to sustainable energy. 2021 Impact Report [link] — Tesla (@Tesla) May 6, 2022. Tesla also highlighted that the company remains attractive to job-seekers.

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

New Zealand is committed to generating electricity from renewable sources, making producing electricity for our growing number of electric vehicles increasingly more efficient than most other countries. New Zealand has the third highest rate of renewable energy as a portion of primary supply in the OECD (after Norway and Iceland).