Saturday, May 8, 2010

Electric Vehicles Will Drive Demand for Lithium

Lithium is a key ingredient in the power plants of electric vehicles, prompting Public Broadcasting (PBS) to say that, "Lithium is a metal which may soon make our old-fashioned, oil-dependent vehicle obsolete." Technology Review has said that,"Lithium batteries are driving a renaissance in electric vehicle development."

Lithium battery powered electric vehicles come in a range of sizes and configurations from tiny unicycles to large transport trucks. Toyota's Prius is a well known hybrid vehicle that has been a commerical success for years followed by Honda's Insight. Nissan recently inaugurated an affordable vehicle called the Leaf and most car makers have already released hybrids in a range of classes from subcompact to SUV.

After investing one billion dollars, General Motors is coming out with the highly anticipated electric car called the Volt. With the help of lithium batteries, GM estimates that the Volt can get 230 miles per gallon.

BusinessWeek magazine says, "Large and niche automotive makers are declaring the electric car the vehicle of the future..." The Financial Post reports, "people are realizing there are going to be an awful lot of lithium batteries used in electric vehicles."

The Wharton Business School raves about the electric car saying "the global impact would be enormous." As reported by the BBC, Mitsubishi expects that the demand for lithium will outstrip supply.

The coming explosion in electric vehicles makes lithium a sound investment.

Related Posts

Electric Vehicles Need New Business Models to Succeed
Lithium is the Next Big Investment Opportunity
Investing in Lithium Power
Mobile Electronics are Driving Demand for Lithium
Lithium is the Right Stock at the Right Time for the Right Reasons
Renewable Energy Storage
Electric Vehicle Battery Technology Obstacles and Solutions
American Electric Vehicle Strategy
Beneficiaries of Chinese Government Investment in Electric Vehicles
Chinese Government Investment in Electric Vehicles
Beneficiaries of US Government Investment in Electric Vehicles
Government Investment Fuels Greener Vehicles
GM's Greener Vehicles
Ford's Greener Vehicles
European Greener Cars
Korean (Hyundai & Kia) Greener Cars
Honda's Greener Vehicles
Nissan's Greener Vehicles
Toyota's Greener Vehicles
Greener Commercial Transport Vehicles

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