But yet Toyota, Honda, Hyundai & Kia continue to make lots of sedans.
But yet Toyota, Honda, Hyundai & Kia continue to make lots of sedans.
Good for them...tell me which one isnt going 100% EV in the next 10 years.
And the data for vehicle demand isnt open to opinion. Americans like big vehicles.
US Vehicle sales by type
From the World Economic Forum
Here are the challenges
The world could face lithium shortages by 2025, the International Energy Agency (IEA) says. Lithium supply faces challenges not only from surging demand, but because resources are concentrated in a few places and over half of today’s production is in areas with high water stress
Only a handful of companies can produce high-quality, high-purity lithium chemical products,” the IEA says. Lithium mines that started operations between 2010 and 2019 took an average of 16.5 years to develop,
Currently production is 100,000 tons annually & there is an estimated reserve of 20m tons. If production ramps up to 300,000 tons that means we will run out of lithium in 73 years, which is far less than the oil/natural gas reserve.
Originally posted by: tom
From the World Economic Forum
Here are the challenges
The world could face lithium shortages by 2025, the International Energy Agency (IEA) says. Lithium supply faces challenges not only from surging demand, but because resources are concentrated in a few places and over half of today’s production is in areas with high water stress
Only a handful of companies can produce high-quality, high-purity lithium chemical products,” the IEA says. Lithium mines that started operations between 2010 and 2019 took an average of 16.5 years to develop,
Currently production is 100,000 tons annually & there is an estimated reserve of 20m tons. If production ramps up to 300,000 tons that means we will run out of lithium in 73 years, which is far less than the oil/natural gas reserve.
Yes, those are challenges. But Lithium can be recycled whereas oil and gas cant. The biggest challenge is finding a way to cost effectively recycle the lithium from spent batteries. They havent figured that out yet. Once they do mining new Lithium becomes less imparative.
More importantly, scientists are actively researching other battery technology which is theorized to be better, cheaper, and less hazardous. Magnesium and Sodium batteries are in early development. In 30 years you might look back at Lithium batteries the same way you do VHS players.
