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Gold/Mining/Energy : Big Dog's Boom Boom Room
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From: miraje4/24/2022 3:19:54 PM
3 Recommendations

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roguedolphin
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   of 206110
 
More evidence that EV production targets are a fantasy. And this from an EV company CEO..

Rivian CEO believes battery supply chain will be the next disaster
Will make the chip shortage look like 'a small appetizer'

autoblog.com

...Scaringe believes the compacted timeline for switching millions of personal vehicle sales from ICE to battery-electric is going to expose the lack of preparedness along the entire battery supply chain, from mining to producing the final packs. Right now, "90% to 95% of the supply chain does not exist" to furnish the targets governments and OEMs have set for a decade from now. In the U.S. last year, 5% of overall vehicle sales were hybrids, 3% were EVs, both record numbers. To reach those percentages, lithium-ion battery demand has risen an average of 37% every year since 2015, the Journal saying this year will see a 50% jump.

No part of the battery industry can sustain that, and we're not sure the Earth can, either...
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