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Electric Vehicles Will Drive Demand for Lithium

Guest post by: Richard Matthews

Article Overview: Lithium batteries are the fundamental technology which makes the transition to electric cars possible. Lithium is a metal which may soon make oil-dependent vehicles obsolete. The demand for lithium may soon surpass supply. The coming explosion in electric vehicles makes lithium a sound investment.

Electric Vehicles Will Drive Demand for Lithium

Lithium is the key ingredient in the power plant of electric cars. Lithium batteries are the fundamental technology which makes the transition to electric cars possible. Public Broadcasting (PBS) has said that, "Lithium is a metal which may soon make our old-fashioned, oil-dependent vehicle obsolete." Technology Review reveals,"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." The BBC reported that Mitsubishi, which is releasing its own electric car, estimates that the demand for Lithium will outstrip supply.

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

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Article Tags: Electric Vehicles, electromobility, EV, GM, Lithium, Lithiumion, lithiumion batteries, Mitsubishi, Nissan Leaf, Prius, Volt



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