The rise of electric vehicles is one of the hottest trends in the world.
Last year, EV sales grew by more than 100%.
And the latest figures from S&P Global suggest that it’s just the start of a much longer-term trend.
But it’s going to create its own set of problems.
Case in point: the UK wants every car on the road to be electric by 2050.
But to make that happen, the UK alone would need to consume 75% of the world’s lithium.
75%!
And that’s just one country, with roughly 1% of the world’s population.
Which just serves to underline how critical lithium miners are going to be to the rise of the EV market.
Many of them are already soaring.
Last year, eight of the top 10 stocks in Australia were lithium stocks.
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