Friday, June 16, 2023

Lithium is the new oil! India to be global 5th?

Lithium is the new oil!  
India to be global 5th?


☝️The global lithium-ion battery market was valued at ~$50 billion in 2022 and is expected to reach ~$200 bn in 2030.

✌️Global Lithium carbonate equivalent (LCE) production to become 2 times to ~3 m tonnes by 2030.

🤟Australia and Chile produced ~77% of the global lithium production in 2022.

🖖China not only has its reserves but has strategically acquired lithium assets in countries like Chile, Canada, etc.

✋In india itself, we have found lithium reservers in multiple places which can put us at 5th in the world!


👉If you dont believe, India sold 1 million EVs last year (2022), 65% of them being high speed 2 Wheelers.

Have you started thinking to own electric?

#Electric is the future.

#EV #auto #india

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I write regularly on consumer/ marketing trends and habits/ productivity tips. Follow #runningmarketer

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