...lithium market participants often want to quote the robust EV growth statistics, but without realising or wanting to acknowledge that it is very much a skewed market
...the bulk of that growth is happening in China, and perhaps people ought to think that China being the biggest oil importer, has everything to do with it
...the US still love their gasoline, and if it wasn't for Biden pushing the green agenda, it would have been a much slower move/uptake, and if Trump takes over, EVs could be a backburner
....ironically, the lithium holders whose company only exports to the US are cheering the growth that is almost all exclusively happening in China.
Big picture update on China's EV market
• Larger than all other global markets combined
• Could reach 10 million this year.
• EV share of total car sales running at 40% in 2024
• Among top 10 best selling models, Tesla is the only non-Chinese brand.
