The massive impact of electric vehicles on commodities


Lithium, cobalt, and graphite have tiny markets, and they will explode in size with any notable increase in EV demand. One recent projection, for example, put EVs at a 16% penetration by 2030 and then 51% by 2040. This could be conservative depending on the changing regulatory environment for manufacturers – after all, big markets like China, France, and the U.K. have recently announced that they plan on banning gas-powered vehicles in the near future. See VisualCapitalist here.


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