Its not about me. And its not about the USA.
Simon Moores, managing director, Benchmark Mineral Intelligence, testified before the U.S. Senate Committee on Energy and Natural Resources on Tuesday.
Moores was summoned by the Senate Committee to testify on the lithium, cobalt, nickel and graphite supply chains for energy storage.
“Benchmark Mineral Intelligence is now tracking 70 lithium ion battery megafactories under construction across four continents, 46 of which are based in China with only five currently planned for the US. When I gave my last testimony in October 2017, the global total was at 17,” Moores said.
http://www.mining.com/battery-megafactories-buildout-nickel-demand-19-fold-benchmark/
That growth from 17 to 70 lithium ion battery megafactories is a forecast of how high and fast the build out of electric cars will be in the 2020’s and how hard and fast the demand for oil will fall. China intends to dominate that trade. The US has only 5 of these megafactories in the production and planning stages. Thank you Elon Musk.
Bunk. The general public will not accept hours long recharge times. EV’s may make a nice second car but not a car for road trips and general purposes. It is not a car where the temps go below 0 and above 90 with humidity. AC and heat greatly reduce range. In sunny CA it may be a good car.
Trump’s Department of Energy just started a recycling program for lithium batteries to help avoid any problems with supply.