The article discusses the critical role that lithium plays in the low-carbon transition, particularly in the production of batteries necessary for electric vehicles. With battery capacity for electric vehicles skyrocketing from 50 gigawatt hours in 2016 to nearly 800 gigawatt hours by 2023, a significant increase is projected by 2035 if governments adhere to fossil fuel reduction goals. The development of lithium-ion batteries, pioneered decades ago, continues to evolve, supporting the shift towards renewable energy solutions as nations pivot away from fossil fuel dependency.
The low-carbon transition heavily depends on batteries, which rely on lithium as a key component, essential for the rapid scaling necessary to power electric vehicles.
As nations shift from fossil fuels to renewable energy, the demand for lithium batteries surges, aiming for a significant increase in electric vehicle battery capacity by 2035.
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