Lithium stocks could be some of the hottest stocks of 2023.
For one, demand is accelerating. In fact, according to USA Today, electric vehicles made up about 5% of new auto sales in 2022. Analysts at S&P Global Mobility see that number rising to about 8% of the market this year, 15% by 2025, and 37% by the time 2030 rolls around. Better, California and other states are aggressively moving to phase out gas-powered cars, which should fuel momentum. Two, the Inflation Reduction Act of 2022 is expected to kickstart the renewable energy boom.
One of the top lithium stocks to consider on that news is Lithium Americas (LAC). Not only is lithium demand fueling upside in the stock, so is news it’s preparing construction, and potential supply agreements and partnerships for Thacker Pass.