Despite various negative targets, global sales of electric vehicles set a new record in 2023.

Crises, wars, inflation and a weak economy did not affect the registration figures. Around nine million pure e-vehicles were sold last year. This was around 29 percent more than in the previous year. And the number of e-cars continues to grow worldwide. Most of this growth is coming from China. The country is responsible for around 57 percent of all e-car sales. The volume of new registrations in China in 2023 was around 21% higher than in the previous year.

Almost one in four new cars in China is fully electric. The Chinese are particularly fond of plug-in hybrids, which saw strong growth of 83% compared to the previous year. The proportion of e-cars is also growing in Europe and the USA, albeit not as strongly as in China. The number of new plug-in hybrids in Europe has remained almost the same. Norway still has the highest percentage of electric vehicles in the entire vehicle fleet worldwide (82 percent of all vehicles there are electric).

In terms of direct CO2 and particulate emissions, electric vehicles are significantly better than conventional combustion engines. The extraction of battery raw materials often does not work without problems. Depending on the mining area, it is often associated with poor working conditions and environmental damage. However, there are also companies such as Targa Exploration or U.S. Critical Metals that will be able to extract the lithium required for the batteries under good conditions.

Targa Explorationhttps://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ – has 15 lithium projects in Quebec, Saskatchewan, Manitoba and Ontario.

US Critical Metalshttps://www.commodity-tv.com/ondemand/companies/profil/us-critical-metals-corp/ – owns lithium, cobalt and rare earth elements in the projects (in Nevada, Montana and Idaho). A responsible approach to the environment and responsible resource development is important to both companies.

Current company information and press releases from U.S. Critical Metals (- https://www.resource-capital.ch/en/companies/us-critical-metals-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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