from The Daily Sheeple
Developing lithium shortages could pose a very big problem for the up and coming electric car industry.
According to recent statistics, demand is already outstripping supply by 15%, which explains why the price of lithium has moved higher since the start of the higher. But it’s not finished yet. Experts says this number is about to spike much higher.
We know that Chevy is releasing the Bolt this year and that will put further weight on the market, but it’s Elon Musk’s plans for Tesla that could really put pressure on resource producers. The company is preparing to role out the Tesla Model 3, an affordable electric vehicle for the masses. Tesla has reportedly already pre-sold some 500,000 Tesla 3 vehicles that are scheduled to be delivered over the next 12 – 24 months.