Norway – a pioneer in electromobility

High tax breaks in Norway are causing the electric vehicle market to boom. The country wants to only allow zero-emission vehicles from 2025. That is ten years earlier than the EU plans. The number of electric car sales has increased significantly not only in Norway, but also in other countries such as Brazil. Brazil is number one on the list of the fastest growing electric car markets. Sales there increased by a staggering 726% in the first half of the year compared to the same period last year. In 2023 alone, sales figures in Brazil grew by almost 130 percent. In Mexico, too, more than twice as many e-cars were sold in the first six months of 2024 than in the first half of 2023.

A similar trend can also be observed in Turkey, with an increase of 233 percent. In total, around eight percent of the Turkish population now drive electrically. Chile and Indonesia also doubled their sales figures in the first half of the year. Other "doublers" are Cyprus and Malta. In Malta, almost every third vehicle sold is electric. Electric cars are therefore becoming more attractive worldwide. Government subsidies, many charging stations and new models are of course particularly helpful. This was also evident in Germany when new registrations fell significantly at the beginning of 2024 following the abolition of the environmental bonus. Around seven million electric cars were registered worldwide in 2021, compared to almost eleven million in 2022. Overall, the trend towards emission-free driving is unstoppable. This brings raw materials such as lithium into play. Targa Exploration and Century Lithium, for example, have lithium in their projects.

Century Lithium – https://www.commodity-tv.com/ondemand/companies/profil/century-lithium-corp/ – has a positive feasibility study for its project. This makes it one of the few advanced lithium projects in the USA.

Targa Exploration – https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ – has an impressive portfolio of lithium projects in Quebec, Manitoba, Ontario and Saskatchewan. In total, Targa Exploration’s portfolio covers more than 400,000 hectares of land

Current company information and press releases from Century Lithium (- https://www.resource-capital.ch/de/unternehmen/century-lithium-corp/ -).

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