Galaxy Resources, future of Lithium demand globally highlights in detail -->Galaxy.pdf
Massive increase in Electric vehicles and storage.
China - Internal combustion engine cars will cost US$15,000 to register for road use for individuals, twice as much for businesses. Lottery system expanded beyond Beijing and Shanghai - less than 1% allocation for ICE cars. Massive incentives for higher density batteries.
Europe - restrictions on ICE in next ten years, 40% better CO2 ratings enforced. Huge uptick in demand for electric cars.
Increased demand globally for renewable storage using lithium based battery storage.
41 Giga Factories in planning or rollout in next decade.
Lilac, LKE and the greater Lithium industry, page-20
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