ULTRA LITHIUM INC. — TSX.V-ULT
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Blog - Latest News
BNEF Believes

BNEF Believes Gas Car Sales Have Peaked

July 30, 2019/in In the News/by Gray Leigh

BNEF Believes that Conventional Vehicle Sales have Peaked

Bloomberg isn’t known for being a baron of good news. However, its 2019 Electric Vehicle Outlook contains cause for hope. In fact, BNEF believes that gas-powered vehicles are going the way of the dinosaur.

READ: Global Transportation Sector: 30% Electric by ’30

Excuse the irony, but this news is cause for celebration among clean energy advocates. After all, the Intergovernmental Panel on Climate Change’s most recent report wasn’t so positive.

Granted, there’s a long way to go. Nevertheless, baby steps forward are preferable to leaps backward.

10 Million by 2025

bnef believesThe optimism is in the numbers. 2018 saw over 2 million Tesla sales. Indeed, this number is encouraging but represents just a fraction of global auto sales.

However, that 2 million is expected to reach 10 million by 2040. This growth takes into account many factors.

Firstly, it expects investments in charging infrastructure to rise. Similarly, it recognizes that users will start to favour slow charging methods. Ultimately, it claims we’ll start charging our cars the way we charge our phones.

 

Fortune Favours the Clean

BNEF BelievesSecondly, it accounts for the billions spent on Li-Ion battery R&D. Indeed, both governments and automakers are serious about creating denser, more efficient batteries.

Additionally, the report recognizes that driver education will increase purchases. After all, consumers are more likely to buy something their friend vouches for. Evidently, more EV purchases mean more EV drivers.

These factors encourage the world’s largest automakers to invest in electric vehicle fleets. While some target high earners, brands like GM target the middle class.

As a result, BNEF believes the global transportation industry is quickly going green. Do you?

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Clean Energy Future: Electric Cars Power Homes

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Data Cars and the Self-Driving Revolution

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

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LITHIUM

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Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
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Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

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CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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