among others, last week raised $2.75 billion to further expand its low-carbon production facility in northern Sweden, where hydroelectric power is plentiful.used to worry more about cobalt
, which is sourced mainly from the Democratic Republic of Congo amid charges of child labor, but in recent years the metal’s role in battery chemistry has shrunk. Lithium can’t so easily be minimized in lithium batteries. The stocks of U.S. producers Albemarle andAuto makers Volkswagen and Daimler, German chemical giant BASF and smartphone maker Fairphone last week formed a “responsible lithium partnership” to protect the area in Chile that produces much of the global supply.
Focusing on how mass battery production affects the planet makes complete sense given the largely environmental reasons for scaling up the technology. However, it necessarily comes at a price. Extracting cost reductions from the battery supply chain, which is necessary to make EVs more affordable, becomes harder and slower if auto makers limit themselves to metal supplies they can certify.
Because lithium batteries spread around the world in mobile phones, it is sometimes mistakenly assumed they are subject to the same deflationary trends as the microelectronics industry, which has thrived amid the global abundance of silicon for semiconductors. Batteries are an industrial product highly dependent on metals that, while mostly not rare, will take time to get out of the ground responsibly at scale.
Wealthy consumers might continue to adopt luxury EVs, but in the absence of generous subsidies it is hard to see the technology taking over much of the mass market until they are cheaper than traditional cars. Many forecasters currently expect that to happen around the middle of this decade. The need to keep EVs green is, ironically, another reason why such hopes might prove optimistic.Volkswagen is investing in electric vehicles more than other legacy car makers in the U.S.
Source: Car News Wire (carnewswire.net)
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Here comes paid fake news from Gasoline lobby.
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elonmusk should stop the production of Tesla if he really respects the environment rather than speculating on crypto. Elec cars emit more pollutant than combustion-engine cars according to recent studies.
I dunno, engineers love a challenge & things inevitably get better/more efficient. I have faith in human ingenuity 👩🏻🔬🔬
You should do a story on how the batteries are made. Would end this transition to electric cars.
STOPELON_BSC stopelon
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