Global Progress
BEFORE the crisis shook up the automotive industry – along with every other industry – electric vehicles were moving steadily into the spotlight. The combined annual sales of battery electric vehicles and plug-in hybrid electric vehicles tipped over the two-million-vehicle mark for the first time in 2019.
According to research from BloombergNEF, lithium demand could increase approximately 9x while nickel demand may increase by about 14x between now and 2030. With the EV market expected to see unprecedented growth not only in the long-term future, but the short-term, it is no wonder why these metals are in such high demand.
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