KEY MARKET DRIVERS

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Increase in Demand for Lithium

The demand for lithium used in electric vehicle batteries is expected to increase from 26,000 metric tons in 2020 to over 1.5 million metric tons by 2030.
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Government Incentives

$369 Billion in investment earmarked for energy security and climate change sectors.
(source: Inflation Reduction Act)
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Loans, Grants & Credits

Estimated total spending and tax incentives from the Inflation Reduction Act according to McKinsey & Co.*
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Increase in Demand for Lithium

The demand for lithium in electric vehicles is expected to increase from 26,000 metric tons in 2020 to over 1.5 million metric tons by 2030.
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The World Needs Lithium...

The need for lithium is anticipated to rise in tandem with the increasing adoption of electric vehicles (EVs) and the growing demand for energy storage across various sectors.

Lithium-ion batteries are a critical component of electric vehicles and require significant amounts of lithium, either lithium hydroxide or lithium carbonate. California alone requires that by 2035, 100% of new cars and light trucks sold in the state will be zero emission vehicles. The Californian market is modeled by world markets, which has solidified the global energy transition to electrification.

What We Do

Sustainability

Stardust Power is committed to sustainable solutions for the global energy transition.

Our use of lithium brine rather than open pit mining, our commitment to sustainable power, and increasing efficiencies from a domestic logistical framework are all facets of our commitment. We are committed to our communities.

National Security

Domestic lithium production is a national security priority for the United States.

China’s control of the lithium refining industry has significant implications for the global electric vehicle industry and the transition to a cleaner energy future.

China’s control of the lithium refining industry has significant implications for the global electric vehicle industry and the transition to a cleaner energy future. As the demand for lithium-ion batteries continues to grow, the ability of China to control the supply and prices of key components like lithium hydroxide can have a significant impact on the cost and availability of electric vehicles.

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