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Lithium Race: We Can Get 1,000,000 Electric Cars Sold Worldwide In 2016.

Sep. 15, 2016 8:59 AM ETTSLA, ILHMF, TRRXF, ALB, SQM, FMC, LIT, GOOG, AAPL, META, TWTR, AMZN, F, GM, JCI, CSCO, INTC, FCEL, BLDP, PLUG, KNDI, FSLR, SONY, PCRFY, BYDDY, SSNLF, IBM, RIO, GSG, DD, GDX, CU, XLE, QQQ, GOLD, GDXJ, MUX, BHP, FCX
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EVObsession

EV Obsession reports that now we have 500,000 electric cars in Europe. As you remember, I expect China to sell only this year 500,000 EVs with 207,000 already sold by August. Europe has 91,300 EVs sold by July and is taking the second place after China and before the U.S. with 93,197 EVs sold by September, which is now falling into the 3rd place. Europe will reach its 100,000 EVs sold faster than the U.S. this year. What is really interesting to note is that Renault Zoe is leading sales in Europe now with 14.2% market share. It is a nice car, but not the best electric cars can offer. Tesla Model S is at 8.7% of EU sales. It is the best electric car, but not affordable for the mass market by ant stretch of the imagination.

Now you can better realise why I am calling that the tide is coming after the release of GM Bolt and Tesla Model 3 following after that. For the first time, we will have two electric cars with more than 200 miles range and below $40k. Another very interesting point in this article that 250,000 EVs are estimated to be sold this year only in Europe! We are reaching the pivotal point on our way towards the mass market for electric cars and the total electrification of our transportation. We have now only over 1 million electric cars sold in all of our history. This year alone China can sell 500,000, now we can start talking that the U.S. will match Europe at least and we can have 1,000,000 electric cars sold just in 2016! China will see EVs sales accelerated after cleaning up its incentives scheme for the EVs makers earlier this year and Tesla will be ramping up its production with GM selling Electric Chevy Bolts now as well.

Markets will be up and down, companies will come and go, but we are witnessing the historic moment of coming out of ICE-age in our transportation. We are talking here about the disruption of $4 trillion transportation industry based on Lithium Technology. Now it is time to check out where all this lithium will be coming from. And the answer: "From Panasonic" - will be better than: "From the underneath of Tesla Gigafactory in Nevada", but still the same like if electricity is coming just from the socket in your wall.

Security of lithium supply becomes the priority for the industry. International Lithium is building vertically integrated lithium business with $4.5 Billion giant from China Ganfeng Lithium.

Analyst's Disclosure: I am/we are long TRRXF, ILHMF.

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