Biggest shift since cars replaced the horse and buggy!! The electric vehicle market is growing fast – and this trend will continue to accelerate in the days ahead.
It looks to be one of the biggest shifts we've seen in more than a century – since cars replaced the horse and buggy.
And as millions of EV roll off assembly lines, the demand for lithium – an essential component in EV batteries – will surge.
Even Elon Musk has joined in the conversation, tweeting that lithium prices had gone to "insane levels," and they're likely to continue climbing.
Analysts forecast demand will reach 3.2 million tons by 2030 (with a majority going into EV batteries), a massive 889% increase. Skyrocketing demand will likely cause the price of lithium to skyrocket even more.
In addition, lithium production is already falling significantly behind demand. This combination of factors could push select lithium stocks to record high prices.
Right now, investors have an exciting opportunity to profit. For example, one leading lithium stock more than doubled in 2022, gaining +131% while the S&P fell deeper into bear market territory.
The electric vehicle revolution cannot be stopped. The EV battery market is projected to grow to $155 billion by 2028 in the US alone. That's 7 TIMES bigger than it was in 2020.
This practically guarantees that lithium will remain one of the most valuable and in-demand commodities on the planet.