Cobalt production is also a big issue and something the entire world is simply ignoring.
I agree that by the time 2030 rolls around, EV technology will be a pretty amazing.
Unfortunately given the political climate and overall incompetence by our leaders, I do not believe we will have the power generation capabilities for those EVs. We need policy changes on almost every level from how solar is implemented and how rates are paid, to government incentives for private renewable projects, to investment into clean burning natural gas to SMRs, hydro investments, etc, etc.
We need to massively invest into the entire EV ecosystem so that we are not only world leaders in producing the raw materials that are needed to build the EVs, but also that we can sustain the populace actually using them.
To put it into very clear perspective.
Manitoba Hydro is simply not going to be able to build another $10b+ dollar hydro project because of their current debt load. They cannot be spending 60% of their revenue trying to service their debt.
Is that because it is a crown corporation, etc? No idea. But man we are screwed in this province when it comes to further expansion, and we sure aren't helping any of our neighbours either when it comes to building out more capacity.
That is one example.
But there are many across Canada. And these examples are going to prohibit the investment we need to deal with this issue.
At the same time everything else is going to cost more as well. Health care, other infrastructure projects, etc. Who is going to pay for all of this?
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