Why this company could be the next big lithium buyout
(Source: Lithium South Development Corp.)
By Carlise Kane of The Equedia Letter
Records are meant to be broken – but not this badly.
After a record-breaking 2022, THIS industry is on pace to smash that record by a whopping 35% this year.
And it’s not even close to slowing down.
Yes, I am talking about electric vehicles – but even THAT is just the beginning.
According to the International Energy Agency (IEA), more than 10 million electric cars were sold worldwide last year.
This year, sales are expected to surpass 14 million cars.
The electric cars’ share of the overall car market has risen from just 4% in 2020 to 14% in 2022 and is set to increase further to 18% this year, based on the latest IEA projections.
By 2030, the IEA estimates that electric vehicles will represent 60% of vehicles sold globally.
But such a rapid rise can’t happen without the proper infrastructure to support this massive amount of new electric energy requirements.
If you think the market for electric vehicles is growing fast …
Energy storage market
The energy storage market hit another record last year, up a whopping 68% from 2021.
But that’s just the tip of the iceberg.
By 2030, the global energy storage market is expected to grow more than 15 times!
With governments worldwide shelling out trillions into this new electric economy, these insane numbers could become reality.
This represents a massive investment opportunity.
But while you could invest in electric vehicles or other electric technologies, one thing is an absolute requirement for all of this to work.
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