Arkansas Lithium Reserves: A Potential Solution for Global Electric Vehicle Demand
Arkansas Lithium Reserves: A Potential Solution for Global Electric Vehicle Demand
Arkansas is sitting atop lithium reserves that could be vast enough to satisfy the entire world’s demand for EV batteries, according to the US Geological Survey (USGS).
It estimates that there could be 5 to 19 million tons of lithium under southwestern Arkansas. That would be enough to supply nine times the amount of the key material needed globally for car batteries in 2030, the USGS says.
The Importance of Lithium in EV Production
Lithium is a key ingredient for rechargeable batteries used in EVs and all kinds of devices. As the US tries to limit greenhouse gas emissions causing climate change by encouraging electric vehicle adoption, the Biden administration has made it a priority to build up domestic supply chains for critical minerals including lithium.
Challenges in Extraction and Utilization
- The US might already have all the lithium it needs and then some, a recent study shows.
- Companies need to develop new technologies to tap into these reserves.
Unlocking this potential is crucial for sustainable energy initiatives, further solidifying Arkansas as a key player in the EV battery supply chain.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.