Increasing government initiatives to improve electric vehicle charging infrastructure as well as rising demand for residential charging stations and commercial infrastructure to charge plug-in electric vehicles are major factors driving market revenue growth.

Stuart Crow, chair of Lake Resources, stated western corporations and governments had failed to construct sufficient provide chains for lithium, making the sudden increase in electrical vehicle manufacturing unsustainable.There simply isn’t going to be enough lithium on the face of the planet, regardless of who expands and who delivers, it just won’t be there,” he stated.

Avvenire Electric Vehicles is taking its EVs to the next level by allowing drivers to get into the cryptocurrency game with crypto mining. Spiritus is a three-wheeled fully electric car that comes in two options: the Deluxe and the Ultimate. While the price and performance of both EVs are different, they both have one thing in common: They both mine crypto.

Canada’s federal government announced it would extend an incentive plan for electric vehicles earlier this week, but for many would-be buyers, actually getting their hands on an EV remains nearly impossible.