Controlling Lithium Controlling Cars

The automobile industry has been massive for as long as it’s been around. Countless companies across countless countries produce this essential product. For decades this has meant gas-fueled vehicles. The exact form doesn’t matter, diesel, gasoline, even compressed natural gas, they all function similarly.

Electric cars are aiming to change all of this. Following the trend towards clean energy, electric cars do not rely at all on gasses. This is all relatively well known and discussed, but what remains less known is how this all works. Lithium-ion batteries, eight kilogram packs fitted to every electric car, is how it all works.

These batteries are what allows electric cars to remain clean and rechargeable. This makes them an essential part of the future of automobiles. Many countries are attempting to promote the use of electric cars through a variety of policies. They’re becoming more popular with no signs of that trend slowing. 

Yet lithium is a finite resource. Currently there are 22 million tons of lithium held in reserves worldwide. This is certainly no small amount, the risk of running out of lithium in the immediate future is relatively low. Yet it’s nowhere near an amount that can be used freely and without thought. Currently there is enough lithium to produce 2.5 billion eight kilogram lithium batteries. Considering the population of the planet, this isn’t as many as one would think.

The limited nature of this element is what sets it apart as so valuable. In recent years this has rapidly become clear to miners and investors alike. Lithium is rising in demand and price rapidly year over year. Countries like the U.S, while holding only 4% of the global lithium reserves, demand much more. And of course electric cars are certainly not going to take over completely. Yet their growing influence cannot be denied. Lithium has been an important element for decades, its use in phones, industry, and science is dense. Yet only now has it become clear that controlling lithium is becoming the ability to control cars.

Lithium In The Energy Economy