Lithium as an investment increased tendency for costlier components to be targeted for replacement by new technologies. Current projections of the global market for lithium-ion batteries range from $26 billion in 2023 ("Navigant Research") to a very optimistic $33 billion in 2019 ("Transparency Market Research"). Lithium metal is an extremely soft, highly reactive, and flammable element. It is most frequently found in deposits such as spodumene and pegmatite minerals, with larger resources in the U.S., Canada, Australia, China, Zimbabwe, and Russia. Lithium possesses a unique chemical profile making it the lightest metal in the periodic table and the least dense solid element. Its atomic
Element One as a generator, as well as a battery pack for the powerplant of the vehicle. The 2009 Element One vehicle is still being utilized as a demonstration vehicle by Lawrence Tech University and even made another appearance at the North American International Auto Show in January, 2010. Formula Zero continues to host races throughout Europe with the European teams in the hope of developing its own race class. Element One's progress can be followed on their Element One Youtube Channel, where updates are posted on a regular basis . Element One was the lightest vehicle in the Formula Zero race