The shift to electrification of vehicles has already started and is irreversible, a scenario that has lithium as its starting point, in which Mexico wants a place. In accordance with the General Economic Policy Criteria 2023, the entire value chain around said mining company, which goes from extraction to the production of batteries and electric cars, will have a potential value of 12 trillion pesos, which is equivalent to more than a third of the value of the national Gross Domestic Product.
During his morning conference this Tuesday, President Andrés Manuel López Obrador indicated that the Sonora Plan also seeks to have as backbone lithiumfrom the only deposit with proven reserves of this in the country, which is located in the municipality of Bacadéhuachi, in the border State.
He stressed that the project, which also contemplates the improvement of customs and railway lines from the border city of Nogales with the intention of strengthening the connection with Arizona, United States, where a semiconductor cluster is being developed, it is taken from the change towards the electrification of the mobility schemes of the neighboring country to the north.
“All this thinking about the automotive industry and fulfilling the purpose that, by 2030, more electric vehicles can be used in the United States. We can no longer produce fuel or internal combustion vehicles, it can not. Everything is thinking that it is going to be electric and everything is going to be thought about batteries and lithium, and we have potential, ”he added in his conference.
The financing to achieve this is being designed by the SHCP, while the Ministry of Foreign Affairs, the Ministry of Economy and the Federal Electricity Commission (CFE) are also working on the project.
“There is a willingness of the United States government to help with cheap credits for the construction of all this infrastructure, that is, at very low rates. In the case of the electricity industry, they are going to help, they decided that there be investments, that there be credits at low rates, because it is about producing clean energy, it matters a lot to us, ”he added.
He specified that the commitment is accepted by Mexico not only as a debt of the Federal Electricity Commission, but also will also be considered as sovereign debtfalling into the hands of the SHCP.
