101
The International Energy Agency (IEA) has forecast that electric vehicle sales are set to explode tenfold by 2030 – a 38 per cent market share – after the share of EVs in global car sales more than tripled to 14 per cent in the last two years.
Global demand for lithium, which was estimated at 130,000 tons in 2022, is expected to multiply more than three times by 2030 because of demand for lithium-ion EV batteries, according to Coface, a global trade insurer headquartered in France.
“The world capacity is likely not to follow the…