Bolivian EV startup bets on small car for big success in lithium-rich nation.

Bolivian EV startup, Quantum Motors, hopes to boost e-mobility in the country with its tiny electric car, the Quantum, which moves at no more than 35 mph, can be recharged from a household outlet, and can travel 50 miles before a recharge. The company, which has sold barely 350 cars in Bolivia and an undisclosed number of units in Peru and Paraguay, is betting on battery-powered cars as Bolivia has the world’s largest reserve of lithium, a key component in electric batteries. The government continues to subsidize imported fuel, but programs like “Médico en tu casa” could help boost production and churn out more EV’s across the region.