Skip to comments.Goin’ Green! Lithium Prices UP 761% Since Biden Elected, Making Electric Cars Even MORE Unaffordable (Defense Production Act For Critical Materials)
Posted on 04/01/2022 9:38:09 AM PDT by Browns Ultra Fan
You can always count on government to make things more expensive when they claim they want to help make things more affordable.
For example, President Biden and his green commandos are helping drive critical electric battery component LITHIUM through the roof!
Lithium hydroxide futures prices are through the roof making already expensive electric cars even MORE expensive. So much for making electric cars affordable!
Of course, The Federal government will now have to subsidize GM and Ford and increase Federal tax credits to encourage consumers to purchase outrageously expensive electric cars.
Thanks Joe for issuing your enactment of the Defense Production Act, helping to drive prices insane.
In fairness to Biden and his green commandos like AOC and Bernie Sanders (no relation to me), other nations are going electric car crazy, bidding for a scare resource like lithium. Particularly when there is an abundance of oil in the ground.
I wonder how about members of Congress and the Biden Administration bought lithium ahead of Biden declaring the Defense Production Act to encourage electric car battery production?
(Excerpt) Read more at confoundedinterest.net ...
The Dims who demand we all get more dependent on rare earths will be the same Dims who’ll to their best to prevent us from mining and processing rare earths in the U.S.
Good thing we have access to all the Lithium deposits in Afghanistan....................
Electric cars have been around since 1903 ad they still haven’t taken off hydrogen cars a out pacing them cheaper zero emissions except water and good for long drives.
People also complaining to Elon Musk how “suddenly” expensive it is to charge their Teslas. Elon said he will “look into it.” LOL!
Yep. All one needs to do is find out what companies or industries members of the government have invested money in or were gifted stock in and that is the ones that will get favored treatment over the next few decades,
Why the DPA invocation?
Is there a shortage of EV batteries nobody’s mentioned before?
Under Sleepy Joe, the price of virtually everything has skyrocketed.
It’s the Democratic Party way.
Our friggen idiot Governor Inslee signed into law that in 2030 all new cars sold in Washington State MUST be EVs. This in a state they are considering knocking down more hydroelectric dams for the salmon runs. Western State is a suitable place for these loonies.
What part of Deep States don’t want you driving do folks not get?!
I read about Inslee signing that. What an imbecile.
Well we know this works, the Germans came up with this process during WWII to make fuel from coal. With carbon dioxide capture and water electrolysis you can do the same.
What is needed is a LOT of electricity.
Geothermal energy from Iceland or the Aleutian Islands could be used to make the fuel, although shipping could be difficult at times. Hawaii could also be a good place to make the fuel.
Maybe someday we will have fusion reactors.
Which of the watermelons bought stock , just curious.
“Video: Corvette Revving Biden Tells Struggling Americans They Should Buy $55,000 Electric Vehicles”
“When he’s not doing a lot driving himself, Biden is driven around in a huge motorcade consisting of 244-horsepower gas guzzling SUVs, including his own personal car that he calls “the Beast”.”
The first electric car in the United States was developed in 1890–91 by William Morrison of Des Moines, Iowa; the vehicle was a six-passenger wagon capable of reaching a speed of 23 kilometres per hour (14 mph).
Why I invested in Lithium Copper and Uranium stocks.
“Governor Inslee signed into law that in 2030 all new cars sold in Washington State MUST be EVs”
Crazy! I hope the EV factories being built can easily be converted into old fashioned gas powered ones.
Lithium isn’t exactly green.
Building Toxic 900lb batteries for a green future ,LOL
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