It is clear that, other things being equal, the new markets also interact with the determinants of Li battery adoption, while they may themselves be influenced by other factors.A new set of relations can therefore be established as follows.Relation 4: As the price of oil increases, the demand for Li may tend to increase, because the demand for Li batteries will be increased due to an increase in the demand for electric cars. But, as the supply of Li increases the price of oil will decrease because the supply of Li batteries may also increase, encouraging the production of electric cars, while further discouraging the demand for oil.Relation 5: As technological development (say of Li air batteries) proceeds black marble phone case, more and more Li will be required because the demand for Li batteries will also be increased, due to a greater demand for electric cars. But, if there is no sufficient lithium to meet the additional requirement of the resource, the prices of lithium will increase discouraging that specific type of technological development, because the demand for Li batteries will have most likely decreased due to a reduction in the demand for electric cars in view of the increase of the cost of the batteries.Relation 6: As the acceptance of change (say on the part of the government) increases, the demand for electric cars will also augment, tending to diminish the price of electric cars which in turn will further encourage the acceptance of change.As is well known, with its 5.4 million MT of Li content (US Geological Survey), Bolivia holds the worlds largest reserves of lithium.
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