Increasing Production of EV Manufacturing Globally Positively Influencing Growth of Lithium Market
Government subsidies for EVs, along with investments in this space, are likely to act as an additional booster to market growth.
- Government subsidies for EVs, along with investments in this space, are likely to act as an additional booster to market growth.
- The Grand View Research report added: “The market is characterized by a high degree of innovation to optimize both the manufacturing process, and also obtain high purity lithium.
- Players have invested in R&D heavily to optimize the usage of lithium in high-growth end use segments such as electric vehicles.
- The lithium market is at a high stage of growth, with an accelerated pace.