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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