Quote:
Originally Posted by Street Pharmacist
As for battery production, there's an absolutely massive and mind blowing build out. In 2010, global lithium ion production was 19GWh which was mainly used in consumer electronics. This year, the capacity is about 500Gwh. By 2030 that could be 6TWh or higher! I'm not sure most people have wrapped their heads around that absolutely massive number. The Inflation Reduction Act has spurred an even greater race to build baterry and mineral production in North America so that number may even grow.
I hope someone finds that a bit illuminating as to why battery life and perfomance will not be a reason EVs won't be better than ICE.
|
Educating post.
Can you share more on how the mining industry will supply the raw materials to hit that 6TWh target? Are there enough projects in the pipeline to support that? That's a phenomenal growth rate for any industry.