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Electric Vehicles Market

Lithium production is key to a clean transition to electric vehicles

In order to accelerate the adoption of electric vehicles as part of their net zero commitments by 2050, governments are combining the stimulus of subsidies for clean technologies with prohibition of the sale and use of more polluting vehicles. In July 2021, the European Union proposed climate change legislation aimed at pushing it towards its goal of becoming carbon neutral by 2050. The proposals include effectively banning the sale of petrol and diesel powered cars by 2035.

With the ongoing investment and development of the electric vehicles market, the lithium market has very positive demand fundamentals, currently and on the foreseeable horizon, which bodes well for our investments in Sonora and Zinnwald projects.