Well aware of the room for growth, automakers are embracing electrification and racing toward innovation-driven EV models that they hope will lower costs and increase interest. Take General Motors: The leading American car maker has announced it is “on track” to meet its target of having 20 EVs in production by 2023. The Volkswagen Group plans to build 22 million EVs by 2028 and wants 40 per cent of its vehicle sales to be EVs by the end of the decade.
In this rapidly evolving industry, advanced battery materials will emerge at the forefront of economic opportunity. Electric vehicles are powered by rechargeable lithium-ion batteries, and the need for metal components essential to EV battery production will grow alongside consumer appetite. This is where Canada could and should enter the picture.
globebusiness To late. China is and than US will be next. Canada will probably be 7th or so.
globebusiness I agree. Government should streamline permits to operate to those companies that serve the battery production...as an incentive to allocate capital
globebusiness The cheapest Tesla is 70k, we're subsiding rich people with these bullshit government grants.
globebusiness They better become a leader in the infrastructure to support all these cars with clean energy before we have thousands of electric cars lined up at a handful of charging stations....
globebusiness You mean no more child abuse.
globebusiness Thats good news!
globebusiness Do the levies realise what a lithium battery is made from and how they extract those minerals and metals? If the don’t like Alberta’s oil sands they will be apologetic about lithium mining. 🙄
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