What About The Batteries? Lithium Shortage
May Stall The Electric Car Revolution,
Another Biden Blunder
Posted By: ladydawgfan, 12/21/2021 12:51:07 PM
The electric car revolution will stall in the West if supplies of crucial battery elements like lithium fail to keep up with the forecast huge increase in demand. As with most manufacturing and industry, China currently dominates the battery processing market too, and it is responsible for about 80% of global battery chemical refining capacity. A possibly overlooked supply problem by the Biden administration especially considering President Biden just outlined a plan for 50% of new car purchases to be zero-emissions by 2030. Lithium is a mineral that is key for electric car batteries. The pricing for it continues to rise in price,
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Comments:
Sounds like yet another FJB screw-up!!