Posted this one of the new threads that popped up. Repeating it...

Posted this one of the new threads that popped up. Repeating it here where it belongs.

While everyone is scared of a possible USA recessions, even if a USA recession occurs it isn't going to stop EV lithium demand growing for several reasons:

1. As per the graph below, the USA market is a fairly distant third in terms of current EV market size behind China and Europe. If Europe and China are increasing quickly, total world demand from EV's will be increasing, irrespective of what happens in the US.
2. USA has already had two years of lower new car sales (2020 & 2021). Many of those people who deferred a new car purchase in these years will be looking to upgrade their "old" car in 2022 if they can get one.
3. The dent in US car sales has already occurred from chip shortages impacting supply. They were therefore already at recession type levels in 2021. Anything but a recession is likely to have sales of all light cars in the US rebounding. Even if a recession keeps auto sales at 2021 levels, that's likely to be a mix involving growth in EV's and a decline in ICE's will still keep US EV demand increasing.
4. Sometimes recessions barely dent purchases. USA had a recession between Mar2001 and Nov2001. 2001 new car sales were only fractionally below the peak reached in 2000.
5. There is simply massive growth potential in "Other" considering it covers all of Japan, the rest of Asia (except China), Canada, Australia and all of both Africa and South America. Many consumers in these countries will be hurting from high gas prices and considering EV's. 103 countries signed up to COP26 and a lot of those governments are represented in "Other" and will be looking to reduce vehicle emissions.