Given the alloys involved in the ICE (molybdenum in rear transfer), the Cobalt and Iridium, Arsenic in the semiconductors, titanium in the rings, multiple fluids (cooling, automatic transmission, power steering, brakes, fuel) etc. I question the 5x claim of energy requirements.
Battery chemistries are changing - with CATL coming out with a newer battery type boasting 600 mile range and 200 mile charge in 5 minutes for 2023. We also have a lithium Sulfate chemistry that looks promising. I have a part time job working in battery chemistries. That is how I made my first million; and I expect to earn quite a bit more in this investment
That said, I currently drive a 2003 Tacoma and a 2011 Lexus. Both iCE, but I am planning on getting new EVs shortly. My daily commute is 65 miles each way; so the economics of EV (FOR ME), make sense.
Are they the right solution for everyone? Nope. But when the first Ford came out: they only took a decade or two to displace the horse and carriage. We have see more progress in the last decade on battery technology than we have seen in the last century. Toyota, for example has made remarkable progress on the solid state battery. But at the end of the day - everyone needs Lithium- as it’s the smallest metal atom possible. Which is exactly what you want on a battery
Very informative. Thank you.