A shift to plug - in cars could also help the development of renewable power, all the more important since
a proliferation of electric cars would alter the national pattern of carbon emissions — the utility sector would take on the emissions that once belonged oil - based transport.
Although increasing demand has driven lithium prices from $ 350 to $ 3,000 per ton in the past five years, ultimately it will be
the proliferation of electric cars that pushes consumption of the element to new heights.
However a rapid fall in lithium ion battery prices over the past two years — driven by
the proliferation of electric cars — has made the technology far more viable.