Lithium Technology Corporation (LTHUQ)

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EV Industry on Fire: Lithium Industry to Get Hotter
With rising awareness about greenhouse gases and their effect on global climate, auto biggies are fast shifting gears to e-mobility and the number of EV model launches is rapidly increasing. China, Europe, United Kingdom, France, Germany, the United States and other countries are laying out ambitious targets to phase out gas-powered vehicles. Per Deloitte projections, worldwide EV sales are set to see a CAGR of 29% over the next decade. EVs are likely to account for 32% of the total market share for new cars by 2030, indicating a jump from 2.6% in 2019.