ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
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Blog - Latest News
household battery market

Household Battery Market Hurt by EV Adoption

September 18, 2019/in In the News/by Gray Leigh

High electric vehicle sales cause household battery market to suffer

Electric cars rely on lithium-ion batteries to power their zero-emission engines. Consequently, these batteries charge at increasingly impressive rates. Otherwise, the electric revolution would be a losing battle. As a result, the competing household battery market slowly declines.

READ: Peak-Hour Charging a Norwegian Problem

Moreover, high-ranking officials in the EV charging industry predict the market won’t exist in the near future.

household battery market

This has already started to happen in the home electronics market. Non-rechargeable batteries have less than a 3% market share. Consider that all electronics in your home are powered by rechargeable batteries – most of them lithium-ion.

End of residential storage

Meanwhile, cars aren’t driven 95% of the time. As a result, they have the potential to contribute to large grid storage projects.

Evidently, your EV’s battery could help power your community. Through bi-directional charging, residential stationary energy storage will soon be phased out.

Consequently, an infinitely more sustainable energy source will soon power your home – your eco-friendly car.

EVs an energy asset

household battery marketUltimately, lead-acid and other non-rechargeable batteries will soon become extinct. Moreover, bi-directional charging will soon replace the often wasteful ways in which we power our communities.

Lithium-ion batteries are an essential weapon in the battle against climate change.

Additionally, both automakers and governments now have several financial incentives to abandon combustible engines in favour of those powered by Li-Ion batteries.

Soon, your ride to work will power your home.

Related Articles

Phone Battery Charging – Done Right

EV Adoption Influenced by Social Groups

Lithium-Ion Battery Breakthrough at Penn State

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 Sells Laguna Verde for Share Stake in Power MineralsMay 17, 2023 - 5:00 am
  • 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

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Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
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– Georgia Lake Lithium Photos
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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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