Electric Vehicles Needs Boron

Access to electricity increased from 49% of the world's population in 1970 to 76% in 1990. More significant progress has been made recently; 81 to 83% of the worldwide people had access to electricity by the early 2010s.

Electric Vehicles Needs Boron
November 9,2022
https://borates.today/electrification-connected-world/

Lockdowns caused by the COVID-19 pandemic reduced emissions from gasoline and diesel vehicles, which had an effect on the demand for electric vehicles as well.

According to the International Energy Agency, countries must take more steps to achieve carbon neutrality, including enacting regulations for large electric cars.

To address this demand, 5E Advanced Materials, Inc. (FEAM) is in an ideal position. They have increased their capitalization due to their updated boric acid pricing forecasts.

The High-Margin Specialty Borate Facility will be the main focus of the Small Scale Boron Facility (SSBF) at 5E Advanced Materials, Inc. Production is expected to start in 2HCY2022.

The Advantages of Electrification in Transportation:

• - Due to their lack of emissions like nitrogen oxides and particulate matter, which can lead to respiratory issues, EVs have the potential to enhance air quality.

• - The electric grid can gain a lot from the transition to EVs. Renewable energy sources like solar and wind can be used to power EVs, which can help boost the amount of renewable energy on the grid.

• - Numerous industries would add new jobs as a result of the widespread use of EVs. EVs and their components would require the creation of manufacturing jobs, as well as jobs for setting up and maintaining EV charging infrastructure.