Why Lithium Prices Are Tanking Despite EV Growth
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- Опубликовано: 8 июн 2024
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In 2020 and 2021 lithium prices surged due to increasing demand for electric vehicles. But since then lithium prices have fallen by 85%. This is despite the fact that EV production continues to rise. So what's going on?
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0:00 - 2:37 Intro
2:38 - 4:14 Lithium mining
4:15 - 6:43 Lithium demand
6:44 Lithium supply 
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This is an AI voice.
Nah
7:25
Thank you for pronouncing Chile correctly. So many people say "chilly"
@@jasonk125 I have listened for years. It's a human. He was speaking like this before AI
Don't care ... I am not investing in a RAPE THE EARTH scheme ... no matter how many times ignorant fools scream 'GREEN ENERGY' Don't you folks remember perpetual motion machines? ... of course not.
As the old saying goes: "Best cure for high commodity prices is high commodity prices".
Vast majority of commodities are not scarce and are constrained by price of production. When market price rises, more expensive methods of production become viable and price moderates.
Fraking has entered the chat
But that's capitalism, and there is no room for capitalism in controlled markets.
I think it's more about china quitting overproducing electrics they made just for the subsidies their government was paying out. They paid for produced not sold, so now they have mega lots of never used electric cars rotting.
thats what uranium is going through, maritime uranium requires 5x the amount to match 1kg of regular uranium, and Morocco hasnt started extracting it.
All these EV mandates and no nuclear power plan construction to meet the ordered demand
Demand always finds supply...
@@mattmcfly2165 If that was true the construction of the nuclear power plants to sustain these EV mandates would already have begun given how long it takes, so no, demand doesn't always find supply given we can physically see that is not the case with energy production.
@@ZontarDowoh no he’s right, demand always finds supply. For example in Germany they’ve very quietly started running lignite power facilities to maintain power plants to keep the lights on after losing access to Russian natural gas supply. Lignite is the dirtiest method of electricity generation I know of, but environmentalism goes straight out the window when the alternative is no more electricity. Here in the US, expect to see natural gas power plants popping up everywhere. The environmentalists will howl, but we’re too short sighted to build nuclear and too smart to go with coal when we have the cheapest natural gas supply in the world. It’s the path of least resistance, so that’s what will happen even though nuclear is absolutely way better.
the most annoying part is shutting down plants in places like Germany and California. smh
@@mattmcfly2165 yeah, the demand is not that high, really.
Honestly good that price are going down with how much it was driving price of various electronics not just EVs and how bad some of mining practices were.
Where there is demand, there will be supply.
When the production scale expands, the price will decrease.
@@amandagrant4331
No, dear. Neither of those is true.
@@amandagrant4331demand is slow because interest rates are high.
Yeah, or it’s because lithium is number 33 of most common element in earths crust. Oil, for example, is 10000x more rare than the 100th element. The lithium in use is minuscule to what else we dig out of the ground in geological terms.
For the current batteries , the cobalt supply is far more problematic.
The children in the congo are pretty tired indeed.
Not every battery needs cobalt. Tesla uses LFP. No cobalt needed. It depends on their battery engineering but it's possible to make standard EV's without cobalt. The only reason to use cobalt would be for longer range EV's.
@@Astros-dz4bx "Not every battery needs cobalt."
Yes, this is true.
Unfortunately batteries with cobalt-oxide cathode have superior Energy/mass ratio than those with iron-phosphate cathode. This is why the majority of the electric cars need cobalt.
About Tesla: AFAIK about half of the Model3 sold was equipped with lithium-iron-phosphate batteries. The other half was equipped with lithium-cobalt-oxide batteries.
I am in favor of electrified transportation, but the best and most eco-friendly electric vehicles are:
Electric trains, trams, trolley busses. These vehicles should be subsidized, not cars.
Yup. Make msss transit journeys affordable, efficient and env friendly and few folks will want personal transportation.
@@vegyesz89 they are subsidized. no one wants to take them.
battery technology will continuously improve to where cobalt isn't required. cobalt is also recyclable.
fact being, cobalt is not needed right now unless you're looking for high range EV's.
Australia really needs to invest in Lithium processing and battery production facilities that can upstream its existing mining facilities
Enjoy the acid rain.
It's funny how there wasn't enough lithium, and now there is too much.
It’s like a capitalist market economy actually works.
It's not capitalist market, in fact many governments intervened to address the lithium supply problem and now we have separate mines and supply chain for most countries.
China manufacturers are crazy about the pursuit of scale.
After all, China has a huge market.
@@user-ui1ck7ie1falways funny to see the people who solely credit capitalism while completely ignoring government intervention or changing market conditions
It's fucking hilarious 🤣 it's like, people decided to produce more of a product that was in demand. 👺
2.3 Billion Electric Vehicles...No drinkable water ANYWHERE!!! LOL
the problem is america is looking to replace giant trucks and SUVs with EV version, which needs 3x the battery of an EV car..
Americans drive big vehicles because vehicles and gas are relatively cheap there
Bigger vehicles for heavier people lol
A car that can haul one tone can only carry a single American. Electric vehicles cannot work in USA
@@mylet2658just say you can’t afford it lol
@@swaggervitamins more like don’t need too LOL
Excellent summary of this aspect of mineral availability. Thanks for taking the time to gather this information and prepare this video.
EVs will exist in their own bubble among a certain percentage of the population. I have doubts about full adoption away from gas cars and trucks in the US.
It's called a bubble within a bubble.
lithium batteries have an average lifespan of 7 to 10 years. based upon that, the demand for lithium may be larger if recycling is not done on a massive scale.
That's only for small devices and doesn't apply to EV , though. Because EV tend to have better thermal management their batteries tend to last the lifetime of the cars, which is around 20-25 years.
@@remliqa Also smaller batteries have battery degradation much faster than larger batteries in a vehicle. This is why no matter how careful you are your smartphone battery ends up sucking after several years, whereas EV owners often don't report that much battery degradation (you can look up charts of this online where different Tesla owners track their battery degradation overtime).
@@shadowninja6689 Adding to that, these high capacity batteries in Smartphones only have around 800 full cycles, so if you charge it to full and drain it every day, you see a significant amount of storage loss after three years. Using the battery just from 80% to 30% quadruples the cycle life. So it wouldn't start to show a significant loss of storage capacity in the first 10 years. Basically moving battery loss from cycles to calendaric losses, which are also a thing but much less pronounced.
Lithium will be used less as fire risk.
China can produce batteries because they are not at all concerned with strict environmental standards.
Nice Video. If the Lithium price is high, recycling make ecomomicly sence. Also Batteries without Lithium will be interesting.
EV batteries are simultaneously too expensive (for buyers) and too cheap (for miners). The low price for lithium has caused some Australian production to be placed in 'care and maintenance' i.e. Core Lithium. Pilbara Minerals (PLS) continues to produce hard rock lithium at a decent profit, possibly the cheapest producer in the world, and could be the last company standing if the price tanks further. On recycling - cheaper batteries using Lithium Iron Phosphate (LiFePO4 or LFP) aren't worth it, unlike the regular lithium batteries which also contain valuable cobalt, manganese, nickel, etc.
I predict EV's will evolve into much smaller and lighter vehicles with batteries of no more than 10kWh.
Firstly, Great video, very well put.
Secondly, I wonder which country will be the first to meet a new list of requirements due to the differences between ev and ICE cars.
-Road construction/maintenance.
-Road barriers/dividers.
-Stronger car garage structures over 3 stories.
-Large increase in power production (prediction of between 40 and 60%)
-Massive amounts of chargers (probably upto 50% of totals ev numbers)
-Guarantee charger output to make some uneases go away.
-Guarantee battery range to solve range anxiety.
-Guarantee battery protection from random thermal runaway.
-Increase security of chargers because of wire theft.
-Cheaper insurance and maintenance.
There is so much more that can go into the list including all the measures to protect pedestrians.
Then there is reducing how much fresh water is used in lithium production and how many people die getting the cobalt.
If the mining and resource movement part of the supply lines was forced to also go green and protect the environment would production of evs even be possible, so much of the world is becoming lifeless but because its not to much or ev better that gets over looked.
Ultimately everyone will do what they think is best, I'm going to stick with petrol, cant go electric if there is no electricity some of the time when enough cars are charing at the same time.
I thought cobalt was the bigger issue when it comes to battery production. im sure recycling old lithium batteries will help reduce the need to mine lithium aswell as the lower demand for Phone and laptop batteries.
A lot of batteries (both for EV's, but even mroe so for fixed installations) use Lithium iron Phosphate (LFP) chemistries, which use no cobalt at all. slightly lower energy density, but cheaper and longer lasting.
Plus, whiel we still call them Lithium-Ion7Lithium-Cobalt batteires, a lot of the tehcnologs and chemsitryh as changed. newer LI batteries need less than a fifth per kwh than the ones made 10-15 years ago use.
Recycling Li is more expensive than mining new Li. Old batteries are going to pile up.
I didn't hear any mention of the ability now to recycle EV batteries and use the extracted Lithium, hopefully this would be a significant source by 2035. Enjoying all the content on this channel, thanks for the concise and easy digested information on some complex issues.
How many company do this? Can it recycle all the lithium in ev ?
It is a lot cheaper to mine new Li, Co, and Ni than it is to recycle.
If you assume a 10 year lifespan for a car, then recycled batteries would only become a meaningful source of lithium in the mid 2030s.
And that's ignoring the practical and environmental difficulties of dealing with a bunch of toxic and heavy metals, and a product that is prone to hard-to-extinguish fires if crushed or punctured. I'm not aware of any large scale battery recycling at this stage.
@@tommyking626 Europe has Northvolt , whilst China has over 10,000 lithium recycling outlets funded by states.
@@encinobalboa That is only true for Lithium, which is quite hard to seperate. The expensive metals and the aluminium can quite easily be recyled out of the old batteries.
I'd be interested in seeing a follow up video going into the massive investments companies like Exxon and Standard Lithium are making in Arkansas and NE Texas. A lot of leasing going on there for brine extraction. I'd like to know exactly how feasible and economical that is.
I want the government to mandate a %100 elimination of bad luck.
I would not count on manufacturers building vehicles with tiny batteries. Quite the contrary. Early adopters may not care much but to win the mass market, EVs will need to have good range and they will need to penetrate all market segments. Small cars with 100km range will not do this, no matter how cheap. They will need to offer family sized cars with ranges like 400km at attractive prices to win that. However, attractive prices for customers are pretty unattractive for miners and we might see some of the rock mining operations shutting down when prices plummet
This doesn't account for any grid electricity storage batteries and in-home power wall type storage. That market could be just as big as electric cars (though their economics could use different chemstries that could use less or no lithium)
Let's always do alot of good 🔥
It will be interesting to see how the now available sodium ion cells will compete with lithium; potentially making it much less important.
'Enough lithium to reach net zero emissions'.
If this isn't the most comically hilarious thing I've ever heard!
“We destroyed thousands of acres of land, used billions of gallons of water, and created a bunch of volatile minerals that will end in land fills! We saved the environment!”
Not to mention all of the fossil fuel powered mining equipment and power plants to charge the batteries. People can lie to themselves when it makes them feel good.
i think alternate battery chemistries like sodium will start to take over
I have faith in sodium batteries having a solid place in the future, but probably not on the mass market EVs, unless Lithium prices ever end up too high to justify their usage.
The lower energy density of sodium makes it hard to ever be competitive in the EV market, but ofc the cheap car market could surprise me.
@@WishkeynBut it probably will reduce the strain on the lithium supply that would be going toward grid storage.
@@Foogle6594 that would be one of the benefits, yes.
Missing the demand for stationary Batteries. at 90$/kwh at 2000 cycles for LFP. Photovoltaik+ LFP will be the cheapest energy for 5month of the year. People will love to invest in stat. Batteries.
Let's get methanol going. Made by fermenting grains, which consume carbon from the air. How have we ended up with such a complex energy chain? Greed and profits perhaps?
There’s this invention called hybrid vehicles. That’s where our focus should be. plug in hybrids with extended EV range capability of say 50 miles battery only before the 4 cylinder gas has to kick in.
Unfortunately, the consumers didn't care for those
That only works for people who live where electricity is scarce and gasoline is cheap
@@loungelizard836 LMFAO. It’s literally an option for both worlds.
Carrying around a 2nd drivetrain for the 5 times a year when you do a 300+ miles roadtrip ... if your fast charging network is so bad, then it's cheaper to rent a car for the few days.
@@sas4191 That's why plug in hybrids are the answer. Charge them at home for fully electric trip to work or the grocery store and if something comes up you have the gasoline infrastructure freedom to get you there. Toyota is showing the way. I love my two Lexus hybrids.
Did you figure in that the Chinese economy seems to be collapsing? Chinese citizens may be reluctant to make any kind of new purchase they don't have to. Loss of all that demand could be huge.
@9:33 - Rest of the world EV demand includes India or excludes India? that will not be a negligible data!
With respect to geology and geography Australia is the gift that keeps on giving for the Western world.
The EV 2035 targets will not happen in Europe. We already started to shift back towards combustion engines. So many EV cars are simply impossible. The power grid is not designed by this and you will not be able to upgrade it that fast and it will be extremely expensive. The whole car industry will collapse if we swap to ev.
Humans will never have flying machines.
Humans will never leave this planet.
Circa 1959.
It’s already happening. 92% of all new cars sold in Norway now are EVs and their electricity grid has completely collapsed causing widespread disruption and death and……oh, no, wait a second that last bit hasn’t happened. You’re going to have to come up with a different scare story now.
Lies, lies, and More lies. The world is switching to Green energy. Your lies won't stop it.
My gardener will not be able to afford a 20 year old cybertruck and the upkeep of thousands of dollars in batteries the way they can keep a 1988 Isuzu running. It's a poor tax
That's the point!
Rich assholes are tired of poor people clogging the roads.
My problem with this video is that "there are different forms of lithium, such as lithium carbonate (which is used in EVs) and raw lithium (which cannot be used in EVs). We are going to base this video on the price of raw lithium (but then still make the video about EVs)". This makes the whole video appear flawed. Elon Musk said the bottleneck was in the refining of lithium, not sourcing lithium itself. Hence Tesla has built a lithium refinery but hasn't started mining lithium.
The video leaves a gaping hole which is: is the bottleneck raw lithium (obviously not) or refined lithium? Is the price drop related to a lot being produced but not enough refineries to make it sellable? I think this video feels half baked without answering this question.
Phillip.
Actually lithium hydroxide is even more relevant for ev than carbonate
yey.. more tech video
There are sodium ion batteries now, not quite as good of energy density, but cheaper, and not reliant on lithium. Also, US likely has a decent amount of lithium, but too much NIMBY going on.
Im not against no and low emissions energy but let us not kid ourselves about the ecological impact of the new technologies. Materials to make Solar, wind and battery operated electric are not carbon neutral.
We may see this drop with new US based Lithium mines beginning
Oil is a finite resource so is lithium so wtf do we do when we run out of lithium 😅
Eh, they keep saying that, mining/extracting technologies keep improving, new deposits found. According to early 1990s greenies we ran out of oil in 2000s.
@@jimmahr.4665 they predicted wrongly but that doesn't change the fact that's it's finite it WILL be depleted one day and so will lithium so we're moving on from one limited source to another
Don't put a date on the Apocalypse, it never works out for the doomers
@@Volcell-85 The difference is that once gasoline is used it cannot be recycled whereas when a battery is no longer working it still has all the lithium it started with. At some point in time (25 years?) most lithium used for new batteries will come from old recycled batteries.
@@OLAUUBER you want to go back to medieval ways? Good luck! 😂
Battery prices fell ~30% last year and are expected to fall the same again this year. At that rate cost parity for EVs should be here by the end of 2024 and only get better year over year meaning from a material/manufacturing perspective it will be cheaper to build an EV than an ICE vehicle. If that’s true then demand for EVs is going to significantly outpace your projections over the next 10.5 years.
Pair that with the constantly decreasing price similar to batteries outlined above for solar and anyone who owns a home will be able to get some or all of their “fuel” for free making the EV even more appealing from an ongoing cost perspective further increasing viability.
I think you missed the mark on demand here.
Your ratio of Li use in PHEV and BEV is off. Most PHEV have a range of 30-40 miles while BEV have ranges of 300-400 miles so BEV should require closer to 10 times that PHEV do.
Cobalt is the bigger problem 😮
I wouldn't be surprised if the increasing number of EVs getting scrapped as they wear out would eventually make recycling a cost competitive source of lithium.
Pretty easy answer. EVs were moving but the people have been staying away from them because of price, insurance, and difficulty to charge and maintain.
Here it's about production, not buying
Wdym maintain and charge you literally can plug it in at home
Every point is valid apart from maintenance
@@tayo5302 I mean you can just plug it in when you get home so that's not a point
@@tayo5302 I would argue that maintenance is an issue, in particuliar the battery. The cost of that first original battery was mostly covered with government subsidies. The replacement batteries afterward are not.
Sales drop of laptops and cell phones may affect lithium price too. And not everybody needs EV.
One world lithium says they are working on direct extraction, no water needed
Another source of lithium will be recycling of lithium batteries as current batteries reach their ends.
but they're not recycled and even the rare times they are, it's into smaller batteries that don't need to be as high quality.
@@TheGuruStud Lithium ion battery recycling is growing rapidly. There are no quality reduction issues. (It's not plastic).
Hydrocarbons: ‘and yet again, reports of my imminent death have been greatly exaggerated’ 😂
It’s amazing how , since the 1950s, how many times people have been proven horribly wrong with respect to the end of big oil.
Nevada has the worlds largest lithium deposits
The company ive chosen to invest heavily in owns 10k acres in Tonopah, and has a patented hydro tech to extract it from claystone. They have said 30k tonnes of liOh is there.
Not bad but you left out two huge topics
1. Growing options for alternatives to lithium for batteries, such as sodium.
2. Large battery installations are using batteries at a rate accelerating much quicker than even EV adoption.
Germany has no mandate for EVs.
we run out of lithium in 27 years?
from current sources, but they will find it in more places... and that's assuming demand keeps growing at a consistent rate, which is far from a given
According to the current reserves, it will be enough for more than 270 years.
Lithium - Nirvana.
Not a mystery. Lot fewer EVs being produced. Lot more Lithium being dug up. Price falls.
Too much supply
Not to mention recycling (plus general efficiency gains). As Bloomberg NEF founder, Michael Leibrich, points out:
@MLiebreich
Batteries are often described as resource-intensive. With a 95% proven recycling rate and a 10yr life, over 50% of battery minerals mined today will still be in use in *130 years*. Add 5% performance improvement per cycle, and they will be delivering services *forever*.
5:42 PM · Dec 9, 202
supply and demand.
Sp basically, Lithium will be free
I won't be surprised if mineral rich developing countries just say screw it nationalize their cobalt and lithium deposits and jack up the prices or don't sell at all to certain countries.
I prefer my battery-less electric vehicles (trains and trolleybuses powered by overhead wire)
Unless there is a radical breakthrough in technology, EVs are not the future of transportation. High costs, range anxiety, and the very expensive way to fuel up (EVs now cost more to charge than ICE vehicles) have doomed this sector.
Because government subsidy your gasoline one way or another. They want you to move to EV so they can stoop paying those subsidy.
@@yulusleonard985 Um, Tesla spent 17.5 years using government subsidies, otherwise they would have folded in 2005
@@LearnAboutFlow ICE car have been using government subsidies since the beginning. Either government loan, bailout or subsidies to oil company.
The reason sift to EV is because government want to stop subsidizing ICE car.
@@yulusleonard985 I don't remember the US government paying for Ford, GM or Chrysler to exist for 18 years until they made a profit, but then maybe I'm missing something.
There are subsidies (the highway act alone proves that), but none as egregious as Tesla.
All of which negates your theory, especially since the only way to get mass adoption of EVs is to offer substantial tax breaks as they have. You know, SUBSIDIES.
@@LearnAboutFlow Last year Biden pay 1.3 trillion in gasoline subsidy while giving 100 billion in ev incentive not to mention bailout package for GM.
Gasoline subsidies alone still way above ev incentive. Also you pay EV incentive once per purchase of new vehicle, while they pay gasoline subsidy per consumption. The only one hurt by this are people who bought EV before 2023 because 7500 depreciation.
And don't forget recycling of lithium in old ev batteries that will start to happen around 2030
The amount of pollution going coming from countries with horrible regs like China is going to be insane
Just because the government mandates something, doesn't mean it will actually happen. Most countries such as the UK and some EU countries are either postponing or those transitions, it's going to be a wait and see.
California will back down because 20% of CURRENT EV owner go back to ICE. EVs a just an historical footnote like steam power in automobiles 120 years ago.
@@LearnAboutFlow20% of current EV owners doing back means 80% of owners continue to buy EV. That's not a "historical footnote" - that's you being wrong about the future of a Gen 1 product lmao
What about people who don't have a garage and have to park on the street several hundred yards away from their homes?
"Let them eat cake"
didn't everything soar in 22 and tank in 24?
There was a recent study that concluded electricity generated from natural gas is worst than coal becoz of leakages along the mining process and supply chain of delivering natural gas. Right now, at least in my country, natural gas is predominately used to generate electricity and that worries me...
Every action causes market overreaction 😂
When no one is buying your ridiculously expensive EV's that are incredibly expensive to repair, and very easily written off and are incredibly inconvenient to own and run, I'm not at all surprised Lithium prices are falling. Losing all those subsidies gotta hurt.
I've had zero maintenance beside tire rotation. I charge in my garage. $50 a month in electricity. Don't need a mechanic. So, what are you saying?
@@mattmcfly2165 that there are at least 2 other users, who aren't you.
@@mattmcfly2165 currently, also the past doesn't mean you won't have problems in the future. Reality has a way of humbling the fool.
even if that were true (it's not longer term), then you still blow tons on insurance lol@@mattmcfly2165
@@sixshot-oz3lh if it's the case ICE car have worst past
If planet earth doesn't have enought Lithuim, then only solution is "Work From Home" 😅
Undoubtedly by 2030, and certainly by 2035, no electric car will have sodium-ion batteries 🤣🤣
wouldn't there also be battery stations to hold solar energy increasing?
I sold albemarle and lithium etf 😂and put the money in amd. Think the EV hype is overblown and 😮
used ICE vehicles are going to jump in prices when these mandates hit im guessing
we are assuming that the mandates will even stay in effect. in america that's not a sure thing at all, since we have a democracy, we can vote for people who will turn the tide in the other direction.. people will eventually turn on EVs if companies continue to be unable to produce them cheap with decent range
All that mining, forced mandates and R&D and EV's still manage to be overpriced, have half their claimed range and eternity to charge. If I was being chased by a criminal and I needed a charge, my EV would literally slow down while an ICE car would maintain performance until it ran out of fuel.
my EV would literally slow down - This is not true at all, one reason lithium ion batteries are chosen because they can maintain a good output voltage until they have no more juice to give.
Yes. The every day experience that I need to consider when buying a car. If a criminal can outlast 450kms of range.
The price rise and fall were caused by Chinese speculators trying to corner the market. The CCP shut these speculators down because it jeopardized their EV manufacturing business. The price then normalized. We can expect it to continue to fall in the long run as numerous deposits have been found throughout the world and there are technical advances in lithium extraction.
We broke! We can’t afford groceries let alone a stupid electric car!
Hi WSM
You know how to fix the lithium amount issue for EVs.....stop forcing car reliance on everyone. Provide other means of transportation options. Light rail could be a huge shift in removing a lot of the bloat of car traffic. The large majority do not want to drive, how do I know this you ask? Easy, everyone is staring at their phones----driving has become such a loathed chore that the majority will do everything else but focus on the road and their driving...
You resolve nearly all issues with driving today by offering other means of transportation...traffic, lack of parking, accidents, higher insurance premiums, poor road conditions, long wait times for mechanical issues, increased registration fees, etc.
It really is a no brainer
The only portion of your comment that is true is ‘no brain’
Lesson--- don't believe the HYPE---
Copper prices going now where as China Real-estate is in a DEPRESSION
Sodium will replace lithium in high volume, low cost EV’s within 10yr!
I think you missed the real story. That being the surge in lithium price was caused by 90+ Chinese EV manufacturers all trying to secure supplies to make 500,000 EV each. The reality is that wasn't going to happen and vast majority of those companies will go bankrupt. That fact has now led to a lot excess production of lithium in the short term now looking for buyers.
Can't wait til we break our electricity grid
Newsflash: those 2035 mandates are all going to be postponed for decades
i think you really glossed over the water use issue a little too much.
Maybe we should have focused on hybrid cars instead? I don't love oil but it seems like a huge missed opportunity for a smoother transition rather than the mess that we're going through
Hybrid are more messy than EV.
@yulusleonard985 they're not though but go off 🤷🏽
@@o_o8203 For all the fire EV cause at least they store them outside the vehicle under the car. Hybrids still store them inside vehicle. Any gas leak or explosion or fire will immediately kill any one unlucky enough siting on top of them.
The biggest obscacle to EV prioduction increase is common sense.
You don’t think money interests might have something to do with Lithium stock prices suffering? I would argue big oil would more than likely be short anything that has to do with their direct competitors and campaign hard to misinform as much of the population as possible that EV’s are a dying fad and will become a thing of the past eventually. Big oil has a massive strangle hold on the planet with endless influence to maintain the narrative. Shorting lithium stocks into the dirt seems like that would be one of their easiest things to achieve. It’s effortless for market makers to legally and with exemption, naked short any stock they want any time they want and burry it in derivatives indefinitely. They have the tools, of course they are using them. Let’s not be naive.
Not even considering charging stations I’m still waiting to know how all these EVs will be charged especially seeing no more electrical grids are being built? Get use to rolling black outs if EVs take over.
Sweden seems to be doing just fine.
13 million hit the roads last year and we don't have rolling blackouts well, California did before so they don't count
@@dosmastrify Maybe it's because we haven't yet reached the tipping point, or because the people in charge of the grid actually know what they are doing
Mine charges from my solar panels. Free solar gas!
@dosmastrify I need you to tell me where these rolling blackout in California are cause I lived here my whole life and have only seen 5 of them in my lifetime.
7:10 environmentally friendly my ass.. 4 billion gallons for one mine?
Hmm. It's estimated that one gallon of gas requires over 10 gallons of water for refinement and drilling. So the US alone burns 3.7 billion gallons of water a day.
Puff .. gone vs. Lithium that you can recycle (which tbf requires water, too).
@sas4191 wtf are you talking about the water in gasoline doesn't go away that's not how matter works.
Caveat: The tonnage of China's is misleading because it is of inferior quality and must go through further processing before used in batteries.
I can't be sure, but this may be why those Dollar General batteries only last a day.
Lol
Not a chance america will be 50% EV for new sales by 2035. Not unless they build a ton of power plants and get EVs down to 20k with 400 miles of real range.
They need to move into a hybrid system using much smaller battery and small gas engine such as Liquid Piston to increase range and reduce charging times until technology catches up.
Battery price collapse are great for BEV.
people smarter than me crunched some numbers and figured that there is nowhere near enough lithium on Earth to make all EVs lithium powered - there is enough for the UK and that's it - Wendover productions did a video on this
Yea I'm not gona trust those fascists on anything.
I am going to guess you have never heard of Tony Seba. His predictions are massively different to yours. My money is on Tony being nearer than your numbers.
I see 👀
EV transition has moved the damage from the air, into the ground(brinepools/strip mining) and water.
Exactly!!
They already moved the steel production from Pennsylvania to China, they just moved the pollution somewhere else.
Sorry, the water problem is overblown.
It's estimated that one gallon of gas requires over 10 gallons of water for refinement and drilling. So the US alone burns 3.7 billion gallons of water a day.
Puff .. gone vs. Lithium that you can recycle (which tbf requires water, too).
And don't get me started with beef ...