Global Progress for Clean Energy
Aggressive targets for electric vehicle deployment must be balanced with real cost reductions, infrastructure developments, and consumer choices and confidence.
Aggressive targets for electric vehicle deployment must be balanced with real cost reductions, infrastructure developments, and consumer choices and confidence.
With electric vehicles forming the fastest-growing segment in the US auto market for Q1, investors may be interested in understanding what the future holds and what factors have inspired these sales.
Electric bicycle sales volumes are driven by macroeconomic trends in developing markets combined with demand for convenient and low-cost transportation. These factors could lead to global sales of almost 48 million vehicles per year by 2018.
China has strong potential to advance progress on lithium battery chemistries as to date the country has demonstrated the largest dollar-value contribution towards research of this objective. If Chinese research generates a positive result, there will be global energy implications.
Research released from universities in the United States and China compared health impacts of lithium battery powered electric vehicles with conventional vehicles across 34 major urban centers in China. The lithium battery powered electric vehicle research was a collaborative effort from universities in Minnesota, Tennessee, and China evaluating the health impacts from the use of lithium battery powered electric vehicles compared with conventional vehicles.
The future market for lithium battery technology in the United States is being driven by clean air programs geared at reducing emissions to achieve climate goals.
The large manufacturing facility referred to as Liotech is expected to produce up to 500,000 lithium batteries per year. The the expectation is for the plant to produce lithium batteries to supply electric vehicles and larger bus batteries, in addition to a variety of energy storage applications, and emergency power supplies.
In addition to concept cars and future possibilities, the North American International Auto Show has already resulted in a strategic allegiance with Korea-based SK Innovation and Continental Corporation signing a pioneering partnership with which both companies will develop, manufacture and distribute lithium battery systems for automotive applications.
By showing a commitment to clean energy initiatives, governments around the world are opening the doors for lithium producers to take advantage new demand in commercialized electric vehicle and lithium battery technologies.
An energy report released by oil and gas giant ExxonMobil offers key points for lithium investors including the implication that the single largest influence on energy trends is expected to be a rising demand for electricity, with forecasted global demand to increase by 80 percent over the next 30 years.
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