Annual electric car sales are estimated to grow from 1.8m in 2020 to 56.3m in 2040, increased by 30 times, according to Goldman Sachs. That requires massive investments in lithium mines. High grade and low impurities are very important to make high performance and safe batteries for electric cars.
Goldman Sachs: battery technology will become the next battlefield of electric vehicles
Ysterday 03:07 PM (GMT+8)· EqualOcean
Goldman believes Tesla will become an innovation leader in the industry, benefiting from its leading edge in related technologies. The bank expects the price of car batteries to drop to $75 / kWh by 2030 (last year, the Bank forecast was $85 / kWh); by 2040, the price will further drop to $58 / kWh (last year, it forecast was $63 / kWh). From 2020 to 2040, the compound annual growth rate of electric vehicle sales will reach 19%. In other words, the annual sales volume has increased from 1.8 million to 56.3 million, an increase of 30 times.
Compelling opportunity, page-78
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