30 Jun '15, 12pm

The Geopolitics of Lithium Production

The Geopolitics of Lithium Production

It is not entirely crazy to expect that by 2030 or so electric vehicles will be the default option for new car purchases around the world. Lithium-ion battery costs are steadily declining by 6 percent to 9 percent with each doubling of production -- so we can expect today’s still-a-bit-expensive-for-the-average-person electric cars to become affordable for the majority of new car buyers within the next five to 10 years. Tesla has made headlines for some time now with the promised Model 3, a car that will have 200+ miles of range and will cost about $30,000 after the federal $7,500 tax credit. This car is expected to be available around 2017, but will probably arrive somewhat later, judging by Tesla’s ability to hit deadlines so far. GM has also suggested it will have a car with similar characteristics ready in the same timeframe. If both of these models come to market as a...

Full article: http://www.greentechmedia.com/articles/read/the-geopoliti...

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