With the global electric vehicle (EV) market forecast to grow 10-fold by 2025 and 50-fold by 2030, and rising demand for energy storage, there’s never been a better time to be a lithium miner. Fortunately, Australia has a number of quality mining businesses for investors to consider.
When it comes to electric vehicles it appears a tipping point has now been reached and investors have been profiting from the tidal shift in sentiment with Australia’s wealth of natural resources ensuring there’s no shortage of opportunities.
Earlier this year, Porsche, Audi, Skoda and VW owner, the Volkswagen Group’s Powerday presented the company’s roadmap for battery and charging technology up to 2030. The company had already nearly tripled deliveries of EVs in 2020 to over 212,000 and now it intends to deliver a million EVs in 2021 and invest more than €46 billion in EVs over the next five years.
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