Burgeoning global electric vehicle market will drive lithium demand over the next five years, says GlobalData
The demand for electric vehicles (EVs), which have emerged as a clean alternative to traditional vehicles, has picked up in the recent years, according to GlobalData, a data and analytics company. GlobalData forecasts that the demand for lithium, needed for the production of lithium-ion batteries for use in EVs, will more than double from 26.7kt
