WHAT ENERGY IS REQUIRED BY THE WORLD ?
Electrical energy-driven form of renewable from solid minerals to produce electric batteries for Electric Vehicles. Electric Vehicles are type of electric vehicles (EV) that use chemical energy in rechargeable battery packs. BEVs use electric motors and motor controllers, instead of internal combustion engine(ICE) for propulsion. They derive all the power from battery packs and this have no internal combustion engine, fuel cell or fuel tank. BEVs’ s include- but are not limited to motorcycles, skateboards, cars, watercraft, forklifts, buses and trucks.
WHAT ARE THE GOLD MINE RAW MATERIALS ?
Majorly, Lithium. Other associated mineral materials are Cobalt, Manganese, Nickel, Zinc, and Graphite. Lithium is indispensable and that is the main coin of “Lithium-ion battery”.
It must be noted that these Lithium-ion batteries are also applicable in communication industries for phones (call phones batteries) to show the enormous need and usage of this mineral.
According to research findings, less than 1% market size for the energy mineral is yet to be covered. It is still in the infant stage. Thus, there is enough room for investment, unlike the fossil fuel class.