10 million tons of lithium is probably more than the total proven and probable reserves of lithium on the globe. Production was only 77,000 tons in 2019.
The dirty little secret of the lithium battery electric vehicle world is that there isn’t enough lithium to make more than 5-7% of the worlds vehicles electric.
Its like the hydrogen disconnect. Everybody who touts it envisions a world powered by clean hydrogen generated from separating it out of water...But it costs 5 times less to get it from oil.
10 million tons of lithium is probably more than the total proven and probable reserves of lithium on the globe. Production was only 77,000 tons in 2019.
The dirty little secret of the lithium battery electric vehicle world is that there isn’t enough lithium to make more than 5-7% of the worlds vehicles electric.
Its like the hydrogen disconnect. Everybody who touts it envisions a world powered by clean hydrogen generated from separating it out of water...But it costs 5 times less to get it from oil.
Not to mention the staggering demand on the electrical grid if we (or the world) went even close to 100% EV.
TOKYO— Toyota Motor Corp.’s leader criticized what he described as excessive hype over electric vehicles, saying advocates failed to consider the carbon emitted by generating electricity and the costs of an EV transition.Toyota President Akio Toyoda said Japan would run out of electricity in the summer if all cars were running on electric power. The infrastructure needed to support a fleet consisting entirely of EVs would cost Japan between ¥14 trillion and ¥37 trillion, the equivalent of $135 billion to $358 billion, he said.