Electric car sales could reach around 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency .
Nickel and cobalt projects in Australia have also been delayed or halted, involving companies like BHP, First Quantum Minerals and Wyloo Metals. In the US, Piedmont Lithium Inc. is Concerns have arisen regarding the pace of growth in the EV industry due to tight profit margins, fluctuating battery metal prices, high inflation, and the discontinuation of purchase incentives in certain countries.In the first quarter of 2024, EV sales grew by around 25% compared with the first quarter of 2023, similar to the year-on-year growth seen in the same period in 2022.In 2024, the market share of EVs could reach up to 45% in China, 25% in Europe and over 11% in the United States.