The ruling class scrambles to fulfil their vision.
Worldwide lithium output is on track to triple this decade, but at the same time, sales of electric SUVs, sports cars and sedans also rose 55% last year, threatening to outrun that.
As such, industry experts are forecasting a shortfall in lithium supplies by 2025, which would be an obstacle for government and industry plans to ramp up sales to tens of millions of electric vehicles a year.
The industry may face shortages of lithium and cobalt if enough isn’t invested in storage and alternative production methods, according to the International Energy Agency.
“There will be a shortage of EV battery supplies,” said Joshua Cobb, senior auto analyst for BMI.
The fears are fuelling political conflict over resources, including as another conflict in strained U.S.-Chinese relationship, as well as complaints about the environmental cost of extracting them.
Threatened by possible shortages of lithium for electric car batteries, automakers are racing to lock in supplies of the once-obscure “white gold” in fraught competition from China, to Nevada, to Chile.
General Motors Co. and the parent company of China’s BYD Auto Ltd. went straight to the source and bought stakes in lithium miners, a rare step in an industry that relies on outside vendors for copper and other raw materials. Others are investing in lithium refining or ventures to recycle the materials.
Beijing, Washington and other governments see metal supplies for electric vehicles as a strategic issue and are tightening controls on access. Canada ordered three Chinese companies last year to sell lithium mining assets on security grounds, for example.
The scramble bares a resemblance to the government race to secure semiconductor supplies in the face of international shortages, which has been described as a “modern arms race”.
Other governments, including Indonesia, Chile and Zimbabwe are trying to maximise return on deposits of lithium, cobalt and nickel by requiring miners to invest in refining and processing before export.
It seems perhaps the ruling class have ‘shot themselves in the foot’ trying to get their electric vehicle vision to the forefront of society, which is a cover for the complete end of private car ownership.
Which is a good thing, because the current industry has been filled with much controversy for many years.
THE HARSH REALITIES
The EV ‘revolution’ is presented to the masses as something that will ‘save the planet’, but when once looks into the realities of this industry, we find this is far from the case.
Each battery requires about eight kilograms (17 pounds) of lithium, plus cobalt, nickel and other metals.
The Democratic Republic of Congo (DRC) is responsible for about 70% of the world’s supply of Cobalt.
The vast majority of that came from informal, or artisanal, cobalt mines.
Mines that are filled with labourers working under slave-like conditions.
Lithium, another key component that powers batteries, is also shrouded in controversy.
GM is buying direct access to lithium by investing $650 million in the Canadian developer of a Nevada mine that is the biggest U.S. source. In return, GM says it will get enough for 1 million vehicles a year.
Conservationists and American Indians are asking a federal court to block development of the Nevada mine, which the Biden administration has embraced as part of its clean energy agenda.
Opponents say it might poison water supplies and soil, and pollute nesting grounds for birds.
About two-thirds of the world’s lithium comes from mines. That involves crushing rock and using acids to extract metals. It leaves toxic heaps of chemical-laced tailings.
These are huge costs that the elitists parasites are willing to take to get this trend widespread.
Sales of battery-powered vehicles have taken off in recent years, but as I have previously detailed, this is nothing but a front to ensure the last symbol of freedom — private vehicle ownership — comes to an end.
By 2030, electric utes and vans will make up over half of light commercial vehicle sales in Australia, according to modelling published by research firm, Boston Consulting Group (BCG).
The BCG report says light commercial vehicles will be as cheap as their internal combustion engine (ICE) equivalents in the future, based on total cost of ownership over the lifetime of the vehicle.
This will become possible due to outright bans on petrol and diesel models from 2035:
Australian states are pushing full steam ahead with their transition to an electric vehicle future.
But, as these new fears from the industry show, they might not be able to pull things off so quick.
Let’s hope they all fall flat on their faces in attempts to gather the resources possible to pull of this dystopian vision, for the world will not be ‘better off’ with EVs as the primary mode of transport.
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