In 2023, e-mobility will continue to advance

Especially in Europe, the development of electromobility is progressing faster than expected. Luxury sedans and SUVs, even the Hummer in the U.S., are also taking part. In contrast, autonomous driving is still in its infancy, and there is still a long way to go before it is suitable for everyday use. Electric vehicles are also likely to benefit from the high fuel prices. Although the price of electricity has also risen, a small or mid-size car in particular can still save quite a bit. Government subsidies for electrified cars reached a record high in 2022, with buyers pocketing around EUR 3.2 billion. According to calculations, an electric car in Germany scores after approximately 45,000 to 60,000 kilometers. This is based on the German electricity mix. If, on the other hand, the energy is generated from wind power, the greenhouse gases produced by the costly battery production are already offset after 25,000 to 30,000 kilometers driven (compared with conventional combustion vehicles).

One way of combating climate change is through electromobility. Lithium is used for this purpose. Incidentally, lithium is responsible for the red color in fireworks and has long been known as a remedy for depression. However, the most important application for lithium is its use in lithium-ion batteries. Worldwide, lithium is needed for electric vehicle batteries, and the trend is rising. This brings companies with lithium projects into focus, for example Alpha Lithium and Cypress Development.

Alpha Lithium – https://www.commodity-tv.com/play/alpha-lithium-advancing-two-lithium-projects-in-a-world-famous-salar/ – owns two extremely high-grade lithium projects in Argentina in the Lithium Triangle that have record high lithium concentrations.

In Nevada, Cypress Development – https://www.commodity-tv.com/play/cypress-development-advancing-nevada-based-lithium-project-towards-construction/ – is working on the Clayton Valley lithium project. Production has already started there.

Current corporate information and press releases from Alpha Lithium (- https://www.resource-capital.ch/en/companies/alpha-lithium-corp/ -) and Cypress Development (- https://www.resource-capital.ch/en/companies/cypress-development-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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