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Found: 30.09.2022
Lithium Compounds Market | Fairfield Market Research
Growing environmental concerns are incentivising carbon emissions reduction in vehicles. To this end, the electrification of vehicles has gained tremendous traction in the past few years. Battery-powered vehicles have emerged as a viable alternative to internal combustion engine (ICE) vehicles as they generate zero tailpipe emissions. Batteries made of lithium-ion perform better owing to their reliability, range, speed, and safety. Several governments across the world are providing incentives including tax cuts, subsidiaries, and benefits to EV manufacturers to boost EV adoption. As per International Energy Agency, electric car sales reached 6.6 million units in 2021, a significant increase from 2020’s figure of 3 million. In such as business environment, the global lithium compounds market is poised to exhibit sound growth across the projection period.
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Category: Chemicals and MaterialsFound: 30.09.2022
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