Ukraine, home to Europe’s largest lithium reserves, is bound to benefit from the projected surge in electric vehicles over the next 30 years,

Ukraine, home to Europe’s largest lithium reserves, is bound to benefit from the projected surge in electric vehicles over the next 30 years, according to a study by Wood Mackenzie, the Scotland-based renewables, metals and mining research group. World supplies of lithium, cobalt and nickel will be exhausted if electric vehicle technologies do not evolve, warns Gavin Montgomery, head of research at Wood Mackenzie. Ukraine also has deposits of cobalt and nickel in the Krivorozhsky Basin. Next month, the Rada is to take up legislation to promote investment in electric battery and vehicle production in Ukraine.