One question often comes up is about the supply of lithium for batteries. Is there enough? Will it become like oil is today--a bloody battleground for those countries unfortunate enough to have a lot?
One point I just learned is that lithium is not a very major factor in the cost of batteries. According to an article by Michael Kanellos in Greentech Media titled Meet Mr. Lithium, a $15,000 EV battery might only contain $100 worth of lithium. And the element is fairly abundant, so there is little likelihood of running out in the foreseeable future. Thus, even if the price of lithium goes up by a factor of 10, the cost of batteries would only go up 6%.
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