Bolivia may become the Saudi Arabia of lithium
The 12-volt lead-acid battery used in traditional automotive applications has given way to higher energy density batteries as the automobile industry moves toward further electrification. The advent of hybrid electric vehicles in the past decade gave way to mass production of nickel-metal hydride (Ni-MH) batteries in automobiles, which have twice the energy density of lead-acid batteries. Now the demand for long range electric and plug-in hybrid electric vehicles in the coming decade is giving way to mass production of lithium-ion batteries in automobiles with twice the energy density of Ni-MH batteries. The lithium ion battery offers 100-150 Watt hours per kilogram, Nickel Metal Hydride (Ni-MH) offers 65-70 Wh/kg, and lead-acid offers 30-40 Wh/kg.
NY Times reports that almost half of the world’s lithium, the mineral needed to power plug-in hybrid or electric vehicles, is found in Bolivia. Read more
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