Emissions in China: 100% EVs by 2030
Emissions Push Government to Lofty Goal
The world’s roads are electrifying quickly. This is great news for China, a country with heavily-polluted six megacities.
Residents rarely enjoy clear skies, as carbon emissions ensure a thick haze blocks any view.
The Chinese government has responded to this crisis with a lofty goal: zero gas-powered vehicle sales by 2030.
China isn’t Going Electric Alone
While Tesla leads the North American EV market in sales, Chinese manufacturers lead the world.
BYD (Build Your Dreams), Byton, BAIC and other Chinese firms set sales records every year.
In response, Western auto titans like BMW and Volkswagen enter the EV game.
Consequently, EV power stations will outnumber gas stations in the not-too-distant future.
America Goes Electric, but Slower
An underreported executive order was signed in late 2017. It challenges a commonly held belief about the Trump administration.
It identifies 23 minerals deemed critical to America’s economy and security. Of no surprise, lithium tops the list.
Rest assured, America is not anti-green. National emissions levels continue to drop at record levels.
Lithium the Key to Reducing Emissions Levels
Lithium resources in the US exceed 5.5 million tonnes.
However, the global hegemon isn’t a major lithium producer. Instead, South America and Australia lead the pack.
Lithium powers laptop, smartphone and EV batteries. A global shortage has caused demand to rise.
China the World’s Leading Lithium Consumer
In terms of lithium-ion battery consumption, China leads the world. The same goes for battery production.
A nation whose megacities pollute the skylines of even its smallest villages, the communist state is committed to improving air quality.
EV subsidies and a massive ownership waitlist are promising.
This is great news for a region where oxygen bars replace nature walks.
Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V:ULI, OTCQB: ULTXF and Frankfurt: QFB).