There were 6.6 million EV sold in 2021 avg total vehicles sold per year (in last 10 years) = 70million this equates to 9.5% market share. With the ESG guidance and goal at 2030 to have 100% of new car sales EV. No hybrids are not included because they run on lead acid batteries. You have 6.5 years to reach 100% market share or 10.6x current value. Current LTH futures value = 75$ per kg current lithium etf LIT= $70 per share. Cost per car battery = 3k actual replacement cost 16k or 13,500 + labour. So I don't see this as a car manufacturer play because there margins will eventually come down as the commodity price rises. Currently lithium etf has been growing 50% yoy (last 2 years) with 200% growth from 52 week lows. Do you see lithium being 700per kg in 2029? So the cost of car battery alone will be 26,000 not including margin and labour this is for 40kg of lithium total amount required for 1 EV battery currently. Maybe but I'm more interested in LIT as the smart play and can see it out trading its counter part LTH and reaching 700 a share. Why would this not play out. I'm dead set to pull the trigger and wanted to hear your thoughts, specifically to convince me not to. Because I don't see 1 reason thanks
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