• Skip to main content
  • Skip to primary sidebar

Auto Trends Magazine

Car reviews, industry news, & advice.

You are here: Home / Commentary / Lithium is a Key Driver of Electric and Hybrid Vehicle Growth

Lithium is a Key Driver of Electric and Hybrid Vehicle Growth

February 1, 2013 by Jean Sebastien Lavallee 2 Comments

Access to Supply in Regions minus Geopolitical Strife Crucial

Lithium is a key component of lithium-ion battery packs that power electric vehicles (EVs) and hybrid vehicles (HEVs). A recent report from Pike Research forecast global sales of EV charging equipment will grow from 200,000 units sold in 2012 to nearly 2.4 million units in 2020, representing a compound annual growth rate of 37 percent. With lithium a key component to the electric vehicle market, it is crucial that North America has an adequate access to this critical element minus any geopolitical conflicts.

Global Lithium Demand

CriticalElements CorporationCredit Suisse has forecast a 10.3 percent annual growth in demand for lithium between 2009 and 2020. Global lithium demand has tripled over the past decade, and the global market price of lithium carbonate has tripled since 2001 to its current level of around $6,500 per ton. An industrial research report by David & Company forecasts that the global market for lithium-ion batteries will increase to $43 billion by 2020 compared to $11 billion reached in 2010 with the primary catalyst the increased demand for electric cars.

Most lithium today is mined in Australia, Argentina and Chile. The largest known deposit is in Bolivia, but political turmoil has hampered production. In the United States, there is a Nevada mine with geo-thermal power plants that extracts lithium as a by-product near the Salton Sea in southern California.

Canadian Lithium Project

China remains the leading importer of lithium minerals and compounds, and the leading producer of value-added lithium materials. My company’s 100 percent owned Rose Tantalum-Lithium Project, in the James Bay region of Quebec, is slated to start production by 2014 and is free of any geopolitical turmoil. We will be a valued global source for conflict-free Tantalum.

High purity lithium is required for a variety of electrical storage needs; from batteries that power electric and hybrid vehicles, or that provide large scale storage of renewable and conventionally produced power, to the batteries that power electronics including those found in smart phones, laptops and gaming systems. Having proven a purity of 99.9 percent for our lithium makes our Rose Tantalum-Lithium project one of only five deposits globally that meet the rigorous specifications for lithium ion batteries.

Green Energy Solutions

It is clear we have to ensure that North America does not lose the global war on being the leader in green energy solutions which include access to high quality conflict-free lithium. The war of the new millennium is being fought on a monetary and labor scale across the globe with China the market leader for rare earth metals, controlling about 97 percent of the world’s supply. Next on China’s plate is renewable energy integration. Ironically, as environmental pollution in the Peoples Republic of China runs rampant, the country has steadfastly focused on securing leadership status in the renewable industry. The Chinese government has set of goal of China securing 11.4 percent of its energy from non-fossil sources by the end of 2015, up from 8 percent today.

The US government’s commitment to supporting both the renewable energy and electric vehicle industries underlines the need for the rapid development of rechargeable batteries, and has thrown the spotlight on domestic lithium supplies. It is critical that North Americans understand the importance of assuming a leadership stake in the alternative energy market. As my company possesses the key critical elements crucial to the electric battery sector, we are committed to being an active and valued voice in implementing change.

Filed Under: Commentary Tagged With: CANADA, Critical Elements Corporation, ELECTRIC VEHICLES, Jean-Sebastien Lavallee, lithium, lithium-ion, Quebec, Rose Tantalum-Lithium

About Jean Sebastien Lavallee

Jean-Sebastien Lavallee, P.Geo, President and Chief Executive Officer of Critical Elements Corporation represents the third generation of an established Canadian mining family. Mr. Lavallee joined Critical Elements Corporation in 2009. In 2010, Mr. Lavallee made the discovery of the Company's 100% owned-Rose Tantalum-Lithium Project in James Bay, Quebec.

Reader Interactions

Comments

  1. C-E Jonsson says

    May 16, 2017 at 12:22 pm

    It is understandable that China gives priority alternatives to fossil fuels.
    Nobody can fail to notice news of the big issues with air pollution in Beijing in recent weeks. Its just a shame that politicians and companies do not understand that we can create jobs and save our environment if steps are taken to promote the development of alternative energy solutions. Mining companies such as Critical elements Corp. considered perhaps unfair as environmental bad guys when they are working in the mining industry. But it is important to distinguish which companies are doing what. Extraction of Lithium is after all something that the world seems to be in a great demand of, right now. We can not afford to quietly sit and wait, we must act forcefully today. Nature has already protested against the way of the people taking care of our beloved planet. We do not need more evidence that we must choose a different path we need politicians who take greater responsibility and more companies like Critical elements corp that has solutions to our current problems.

    Log in to Reply

Trackbacks

  1. Behind the Wheel of a 2012 CODA Sedan says:
    June 22, 2017 at 7:13 am

    […] See Also — Lithium is a Key Driver of Electric and Hybrid Vehicle Growth […]

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Recent Posts

  • 4 Car Upholstery Cleaning Tips
  • The 14 Brands of Stellantis
  • Peugeot May Not Return to the U.S. Market After All
  • Next-Generation Sedona Minivan Will Be Renamed the Kia Carnival
  • GM Launches BrightDrop, Its Commercial EV Brand

Recent Comments

  • Temporary Repair Steps and Tips for Windshields — Auto Trends Magazine on 4 Car Upholstery Cleaning Tips
  • Pandemic Times: Car Disinfecting Tips — Auto Trends Magazine on 4 Car Upholstery Cleaning Tips
  • How to Detail Your Car Like a Professional — Auto Trends Magazine on 4 Car Upholstery Cleaning Tips
  • 4 Car Upholstery Cleaning Tips — Auto Trends Magazine on How to Detail Your Car Like a Professional
  • 4 Car Upholstery Cleaning Tips — Auto Trends Magazine on Product Review: Dyson DC31

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008

Categories

  • Auto Parts
  • Auto Shows
  • Automotive Career
  • Automotive News
  • Book Reviews
  • Car Tips
  • Classics & Discontinued Models
  • Commentary
  • Commercial Vehicles
  • Concept Vehicles
  • Dealers
  • Engineering & Technology
  • Fleet
  • Fun News
  • Maintenance & Repairs
  • Motorsport
  • New Car Reviews
  • New Models
  • Ownership Experience
  • Product Reviews
  • Special
  • Specifications
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

New!
Check out our Jobs Board!

via GIPHY

Subscribe to Auto Trends

Subscribe in a reader

Social Media

Visit our social media pages:
Facebook
Twitter
Google+
Pinterest

Where is Matt Currently Published?

The Carolinian (new car reviews)
NAPA Know How Blog
On the Road Again

Pages

  • About
  • Authors List
  • Automotive Brochures
  • Contact
  • Industry Jobs
  • Write
    • Style Guide

Categories

Recent Posts

  • 4 Car Upholstery Cleaning Tips
  • The 14 Brands of Stellantis
  • Peugeot May Not Return to the U.S. Market After All
  • Next-Generation Sedona Minivan Will Be Renamed the Kia Carnival
  • GM Launches BrightDrop, Its Commercial EV Brand
  • The Refreshed and Handsome
    Lexus IS 350 F Sport
  • What We Know About the All-New 2021 Jeep Grand Cherokee L
  • The All-New and Formidable 2021 Nissan Rogue Crossover
  • Fuel-Efficiency and AWD Champion: 2021 Toyota RAV4 Hybrid
  • Midsize Performance Master: 2021 Hyundai Sonata N-Line
  • Performance Hatchback: The All-New 2021 Mazda Mazda3 Turbo!
  • NACTOY Finalists For 2021 Offer Familiar and Futuristic Choices
  • Super Trooper: Nissan Titan Pickup
  • Behind the Wheel of the Popular 2021 Toyota Corolla Sedan
  • Lucid Motors Completes Arizona Factory
  • A Robust Turbodiesel Comes to the Chevrolet Silverado 1500
  • Mid-Engine Masterpiece: The Eighth-Generation Chevrolet Corvette Stingray
  • Compact Performance:
    2021 Cadillac CT4-V
  • All-Wheel Drive Supplies the Nissan Altima With a Competitive Edge
  • Return of the Toyota Venza!
  • Lexus Brings a Convertible to the Gorgeous LC 500 Line
  • Stellantis Logo Revealed by Peugeot, Fiat Chrysler Ahead of Spring Merger
  • Preview: 2021 Nissan Rogue Crossover
  • How to Fix a Broken Rivian Vehicle
  • Cadillac Gets Most Things Right
    With the XT6 Crossover
  • The High Potency Dodge Challenger SRT Hellcat Redeye Widebody Coupe
  • The All-New Chevrolet Trailblazer Forges Urban Paths
  • The Small Infiniti QX50 is Big on Tech and Engineering Features
  • Toyota Brings the TRD Treatment to the Midsize Camry Sedan
  • The Kia K5 Outclasses Most Competitors, Including the Departing Optima
  • Can the Toyota RAV4 TRD Off-Road Handle Tough Terrain?
  • Subaru WRX Showcases Its Performance Chops
  • Infiniti Overhauls QX80 Trims and Makes This Important Safety Feature Standard
  • Ford F-250 Super Duty and a Trail-Stomping Tremor Package
  • A Cut Above: Mazda’s Mazda3
  • The Highly Efficient Hyundai Ioniq
  • Volkswagen Atlas Revels in its Strengths
  • General Motors Deepens Partnership With Honda, Takes Stake in Nikola
  • Smart Concept: Jeep Grand Wagoneer
  • More Than an Encore: Buick Encore GX
  • Got a Recall? There’s an App for That.
  • Refreshed Nissan Titan Makes Its Case
  • BMW M235i: Not Your Typical Coupe
  • Hot Stuff: Lexus RC F Sport Coupe
  • Will the Electric Vehicle Boom Create New-Found Dependencies for Foreign Minerals?
  • Rumors? We Got Them!
  • About Bollinger Motors, EV Startup
  • Raptor Fighter: Ram 1500 TRX!
  • White Space Wonder: 2020 Nissan Rogue Sport
  • About the 2021 Genesis GV80
February 2013
S M T W T F S
 12
3456789
10111213141516
17181920212223
2425262728  
« Jan   Mar »

Copyright © 2021 · News Pro on Genesis Framework · WordPress · Log in