- The electric vehicle market continues to grow faster than originally anticipated
- Roughly 57 percent of passenger vehicle sales and 56 percent of light commercial vehicle sales are expected to be electric by 2040
- These market conditions create excellent opportunities for QMC Quantum Minerals, which is strategically positioned for lithium production
The global demand for lithium will continue growing at a rapid pace, increasing to one million tons per year by 2025 from the current 325,000 tons, according to a recent BloombergNEF report (http://nnw.fm/o1Fya). The autonomous electric vehicles market is, of course, one of the primary drivers of growth.
According to BloombergNEF’s report titled ‘Electric Vehicle Outlook 2019’, over two million electric vehicles were sold in the world in 2018, marking a massive increase from the few thousand cars sold eight years prior. The analysis suggests that, by 2040, 57 percent of all…
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