Lithium is a key component within a battery, with the advancements of electric vehicles and the pursuit of greener ways to live our lives batteries have become a strong focus point for the future. Australia has the 5th highest amount of lithium in the world making it a reliable source of lithium and in 2019 it was the highest producer of lithium in the world. Now why Australia? it already has one of the strongest mining industries in the world, the country and economy is already set up to produce large amounts of resources as seen in its current coal mining. With the phase out of coal for greener ways to produce energy the Australian government will begin to offer incentives for companies to begin mining more lithium and attempt to make lithium Australia's biggest export.
The reason for the comparison of Tesla to Australian lithium companies is to prove the connection between these two industries. Electric vehicles are the way of the future and with the rapid development of technology in the past decade a complete electric vehicle society maybe closer than we think. The key to a complete electric vehicle society is a reliable long lasting vehicle that is of reasonable price. No company thus far has created an electric vehicle that has met this criteria. Therefore instead of taking the gamble on which car manufacture will pull it off first, invest in a key component needed for manufacturing electric vehicles.
Notes:
The reason for the comparison of Tesla to Australian lithium companies is to prove the connection between these two industries. Electric vehicles are the way of the future and with the rapid development of technology in the past decade a complete electric vehicle society maybe closer than we think. The key to a complete electric vehicle society is a reliable long lasting vehicle that is of reasonable price. No company thus far has created an electric vehicle that has met this criteria. Therefore instead of taking the gamble on which car manufacture will pull it off first, invest in a key component needed for manufacturing electric vehicles.
Notes:
- Electric vehicles seem to be the hype of the current market
- Batteries are also used in lots of everyday technology. Eg. Phones, Computers and toys