Tag: Quick Charging Battery Technology

Billionaires Fund Lithium Extraction to Sustainable Battery Technology
Technology

Billionaires Fund Lithium Extraction to Sustainable Battery Technology

"The global electric vehicle market size is projected to grow from 4,093 thousand units in 2021 to 34,756 thousand units by 2030, at a CAGR of 26.8%." Source. Growing demand for low emission commuting and tax subsidies for long-range, zero-emission vehicles have spurred manufacturers to go aggressive about lithium mining to produce electric cars and renewable energy. Backed by market research, as of January 2010, the United States Geological Survey (USGS) estimated the world's total economically extractable lithium reserves at 9.9×109 kg and potentially economic lithium reserves at 2.55 × 1010 kg, mostly available in the salars of Bolivia and Chile. However, in the U.S., Lithium Americas Corp (NYSE: LAC) got workers digging the clay at Thacker Pass in Nevada. Extracting lithium from seawat...
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