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EIEIO_OU812 t1_j8qt0mw wrote

Reply to comment by lvl1developer in Electric Vehicle Sales Top $1 Trillion in Wake Up Call for Carmakers by seascot

Yes, lithium supply is a definite issue. Not only that, many of the metals don't significantly occur in the US.

Not only that, rising electricity prices in some parts of the US Northeast have currently made EVs more costly per mile to operate than ICEs. As solar and wind proliferate, this will drive electricity costs even higher.

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lvl1developer t1_j8ubnhv wrote

So we basically need good relations with South Africa and Taiwan to supply us for EV cars… because those two areas control a large portion of said resources

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EIEIO_OU812 t1_j93nutj wrote

Moreso Congo (cobalt) and China (rare earth metals).

US has them too, but ironically the greens in favor of EVs won't allow expanded mining necessary.

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lvl1developer t1_j8uc2iu wrote

Bloomberg said more than half of produced cars will be EV by 2030. Does that seem realistic?

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EIEIO_OU812 t1_j93okj2 wrote

In the US that's laughable. In more densely populated, smaller and totalitarian countries it might be possible.

But with soaring electricity costs due to green conversion, it won't be cheaper. Problem is solar delivers only 25% of installed capacity and wind only 35%.

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