good car modification

We will adjust our sales projections for EVs once more reliable information is available, but general trend confirms our thesis of governments' sponsorship for mass electric cars' market development as a next big thing, as it happen before with Internet and WWW.

"Total EVs estimation: 1,635,000.
With global car sales estimations of 80 mil in 2015 it will represent 2% of total sales. It is hardly a revolution, but it will bring new demand in lithium space of 40000 t LC, which is an increase of 33% from current level. To put things in perspective 5% adoption rate by 2015 will amount to 100000 additional LC demand and will almost double the market. You can see that our estimations are dependent on advance of a few major players in EV market and Tata's entry into Electric auto space will be very important. Coming auto shows this year will bring us more information.
Our Green Mobility Revolution definition stays for 30% of the market by 2020 which means 24 Mil EVs produced with global auto sales stable at 80 Mil it will account for 600000 t of LC - fivefold increase in Lithium Demand. Next two years will show which scenario will be in place. Catalyst for this structural market shift will come with Peak Oil thesis confirmation and rising oil prices, more government incentives to combat climate change and China's ability to organise a nation wide transition to the new technology and introduce Green Mobility as standard of transportation."

* Government to fund agency from stimulus package

* Target of 1 million electric cars on road by 2020

By Caroline CopleyBERLIN, Sept 9 (Reuters) - The German government set up a new agency on Wednesday to push the pace of electric car development after the auto industry missed out on chances to exploit its early breakthroughs with hybrid technology. Annette Schavan, minister for research and education, said the agency would coordinate the efforts of 30 different research institutes and be funded with 44 million euros ($63.78 million) from the government's 81 billion euro stimulus package. Last month the German government set aside 500 million euros of funding for the construction of electric charging stations and programmes to boost battery technology in Europe's biggest car market. "The new agency will bring together representatives from politics, economics and industry so they can agree on joint strategies for electro-mobility," Schavan told a news conference. The government, which has pledged to reduce greenhouse gas emissions by 40 percent by 2020 from 1990 levels, hopes to see 1 million electric cars on the road by 2020 at the latest.CAR-MAKING REPUTATIONSchavan said the development of the electric-powered car was vital to secure Germany's reputation for auto manufacturing worldwide in the future.German carmakers were among the first to develop hybrid engines but decided to concentrate their efforts to reduce emissions on diesel engines instead. In the face of growing concerns about climate change, they have shifted gears again. The new agency will coordinate the work of researchers and industry experts. They will also study energy storage, the set-up of a new charging station infrastructure and ways to increase public awareness of electric cars. Even though there has been criticism of the project as an election-year gimmick, the director of research at Mercedes parent Daimler AG (DAIGn.DE), Thomas Weber, said research into key technologies was vital for the German car industry to stay ahead of its competitors. "The electric car has enormous potential," Weber told the news conference. "We cannot stand still and watch as other countries get ahead of us. "The drive towards greater fuel economy and cleaner emissions has gained pace since the European Union struck a provisional deal last year to cut greenhouse gas emissions from cars, setting a 130 g/km target in a phased approach starting in 2012.Daimler and utility RWE (RWEG.DE) will start field-testing electric cars in Berlin later this year with a programme called "e-mobility Berlin". (Editing by Mark Trevelyan)"