OTCQX:AVLIF - Post by User
Post by
goodtoreadthison May 25, 2018 9:15am
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Post# 28079873
LI demand- Aussi board
LI demand- Aussi board Barg, thanks for the comment. Most people just do not understand the exponential growth of electric vehicle sales worldwide. This is particularly evident in China where 100% year on year growth in electric vehicle sales is going on. Many "experts" and "analysts" still think electric vehicles are going to be less than half of all vehicle sales in 2040. The graphs of electric vehicle sales as a percentage share of all vehicle sales is going up exponentially. Not quite doubling every year but roughly doubling every 2 years or so. At this rate, close to 100% of global vehicle sales will be electric vehicles by 2030. This is probably happening even faster in China where growth in new car sales share for electric vehicles is growing at about 100% per year. China might get to close to 100% share of electric vehicle for new car sales by 2025. https://www.ev-volumes.com/country/china/ https://www.ev-volumes.com/country/total-world-plug-in-vehicle-volumes/ I just can not see lithium production increasing fast enough to match this demand. And this is only the electric vehicle market. Nevermind the home battery storage or utility scale battery storage market which is really just taking off now.