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Blog - Latest News
Global transportation

Global Transportation Sector: 30% Electric by ’30

July 11, 2019/in In the News/by Gray Leigh

20-30% of Global Transportation Sector could be Electric by 2030

In 2018, 5.1 million electric vehicles were sold. Granted, this number represents a microscopic fraction of global vehicle sales. However, it indicates an encouraging trend. Ultimately, it leads analysts to believe that 20-30% of global transportation could be electric by 2030.

READ: Electric Vehicle Wins Car of the Year

The International Energy Agency (IEA) believes sales will hit 22 million by 2030. Consequently, this would push the total number of EVs sold to just north of 120 million by that time.

Global transportationConsumer Preferences Go Green

However, there’s reason to believe this estimate could be conservative. After all, a series of affordable electric cars are soon to hit the market.

If the middle-class has the option of driving green, exponential growth in the sector is likely.

Moreover, long-term electric car owners have noted substantial energy savings. Increasingly, owners charge their cars overnight. The mentality of leaving the home to fuel up is slowly being phased out.

Automakers and Governments Embrace Clean Shift

Global transportationThis reduces the strain on public charging infrastructure. Similarly, it helps mitigate the range anxiety that scares off potential owners.

Furthermore, both governments and automakers overwhelmingly support the electric shift.

Most of the world’s automakers have committed to electric fleets. Meanwhile, Chinese and European governments introduce effective policy that encourages EV adoption.

Evidently, it won’t be long until long gas station lines are a thing of the past.

Related Articles

Apple Electric Vehicles: Will They or Won’t They?

Made In China 2025: Home-Grown Electric Vehicles

2019 Electric Cars To Get Excited About

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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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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Ultra Lithium Assayed Gold in Rock Samples from Mining Licenses in Argentin...lithium miningTesla Lithium Mining could be in the Works
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