The electric vehicle revolution could be worth over $1 trillion before the end of this decade, and countries are realizing that they need to carve out their role in the burgeoning industry before it’s too late. Chile, one of the biggest suppliers of crucial materials used in EVs, is the latest nation to stake its claim.
Gabriel Boric, Chile’s president since March 2022, announced plans to nationalize and safeguard the country’s precious supply of lithium on Thursday, framing the new policy proposal as an unmissable opportunity for Chile to place itself in a stronger position as demand heats up for green technologies that require the valuable metal.
