Posted on 09/20/2016 7:09:13 PM PDT by Lorianne
Developing lithium shortages could pose a very big problem for the up and coming electric car industry.
According to recent statistics, demand is already outstripping supply by 15%, which explains why the price of lithium has moved higher since the start of the higher. But it’s not finished yet. Experts says this number is about to spike much higher.
We know that Chevy is releasing the Bolt this year and that will put further weight on the market, but it’s Elon Musk’s plans for Tesla that could really put pressure on resource producers. The company is preparing to role out the Tesla Model 3, an affordable electric vehicle for the masses. Tesla has reportedly already pre-sold some 500,000 Tesla 3 vehicles that are scheduled to be delivered over the next 12 – 24 months.
With so many cars getting ready to ship out to customers Elon Musk recently stated that he will need the world’s entire lithium supply annually in order to meet demand.
(Excerpt) Read more at thedailysheeple.com ...
Haven’t read comments yet.
This sounds like an opportunity for the development of a new type of battery/source of electrical energy.
The Lithium would probably last a lot longer if they used it to treat the disorders of those who think electric vehicles are really ready to replace internal combustion....
“Lithium is no longer available on credit.”
I asked for the picture to be removed.
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