Electric cars are being promoted
China exempts battery electric cars, plug-in hybrids and hydrogen cars from the ten percent purchase tax in 2021 and 2022. And this after the tax on various electric cars was abolished. The vehicles concerned will be listed in a catalogue. The situation is similar in Germany with the expansion of the environmental bonus. In this country, too, there is a list of subsidies.
And that makes sense, because electric cars have a clearly better CO2 balance than petrol or diesel. This is especially true if renewable energies are increasingly used in production. The higher the proportion of water, wind and solar energy, the better the result. An important item is also the question of where a battery was produced. Batteries from China, for example, do not perform so well because of the electricity mix used.
The batteries for electric mobility need lithium or cobalt, for example. The lithium triangle of Argentina is known for its large and high-quality lithium deposits. Millennial Lithium has two projects here: https://www.commodity-tv.com/play/research-news-with-millennial-lithium-corvus-gold-and-mag-silver/. A feasibility study has already been conducted for Pastos Grandes, which assumes very good conditions for the lithium project.
In Ontario, Canada Nickel Company is working on projects containing nickel, cobalt and palladium: https://www.commodity-tv.com/play/newsflash-with-caledonia-mining-canada-nickel-and-discovery-metals/. The company's Crawford project is enormous. It is located in an excellent area, the Timmins-Cochrane district.
Current company information and press releases from Canada Nickel Company (https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/) and Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/).
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