According to Pike Research, sales of lithium-ion batteries are projected to increase nearly 900% over the next 5 years. This is exciting news for potential investors and for the country of Bolivia, since Bolivian lithium is so abundant.
Salar de Uyuni in Southwest Bolivia is the world’s largest salt flat, measuring more than 4085 square miles. The brine of the salt flat contains between 35% and 80% of the world’s lithium reserves, enough to put batteries in nearly 5 BILLION EVs and hybrid cars!
As automakers shift away from fossil fuel-powered vehicles, Bolivia’s resource contributions to lithium-ion batteries may soon help to reduce CO2 emissions, improve the lives of ordinary Bolivians, and make investors rich.
Investors should pay attention, especially in these uncertain economic days: “The opportunity for Li-ion batteries will be primarily driven by plug-in hybrid and all-electric vehicles, which require much larger battery packs than conventional hybrids. According to a new report from Pike Research, this market growth will create a Li-ion transportation battery industry with nearly $8 billion in sales worldwide by 2015, up from $878 million in 2010.”
(treehugger)
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