E-mobility is making headway
Although the car dealer industry had to complain about a severe drop in sales last year, the sales figures for electric vehicles (externally chargeable vehicles) nevertheless increased significantly. Germany even overtook the USA in terms of new registrations. The increase in Europe was a whopping 137 percent, or 1.4 million vehicles. This means Europe has even beaten China. Compared with 2019, registration figures worldwide rose by 43 percent.
China is still in first place in terms of the number of electric vehicles (just under five million). The USA follows in second place (1.77 million). Germany is in third place with almost 570,000 vehicles. In terms of new registrations, France, Italy, Spain, Denmark and the United Kingdom can also show significant growth in 2020 compared with the previous year.
According to the German government, there should be ten million electric cars in the fleet by 2030. So, the figures from 2020 are only a start, but a good one. In any case, the development is positive, also for the producers of the required raw materials. The lithium-ion batteries installed in electric cars are currently the most powerful energy storage media. One of the raw materials used is lithium.
This is held by Millennial Lithium - https://www.youtube.com/watch?v=s4v1dkPPyis - in its two lithium projects in Argentina. Thus, the company is located in an excellent lithium area. Especially the Pastos Grandes project scores with high-grade battery lithium.
The silver used in electric cars, which is used much more than in conventional vehicles, is sourced, for example, by Endeavour Silver - https://www.youtube.com/watch?v=TqOYn67_v0M - from its three successfully producing mines in Mexico.
Latest corporate information and press releases from Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/) and Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/).
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