The Rise in Electric Cars Equals an Investable Opportunity in Lithium
When you look to the future of cities, you know it will include a space for cars — but they won’t be ones you’re used to seeing on the roads. The global auto industry is facing flat sales in 2018.[^1] Where the boom times are: Global sales of electric vehicles (EVs) are expected to rise around 40% this year, to around one million cars sold.
That’s just the beginning. As demand grows for more environmentally-friendly vehicles, global EV sales should continue to rise sharply year after year. According to the International Energy Agency (IEA), there will be 20 million EVs on the road by 2020 -- and nearly 80 million EVs on the road by 2025.[^2]
Everyone knows Tesla and Prius, which were the early entrants, but incumbency won’t go far. A growing slate of car makers plan to offer EVs across their line-up: Mercedes-Benz, Volvo GM, Nissan, Volkswagen, BMW and many other makers will crowd into the market.