Cost of lithium up nearly 500% since last year | Eastern NC Now
EV prices to go up even more
The race to a low-carbon future via electric vehicles already comes with a hefty price tag. But that price tag may enlarge even more in the coming months if the skyrocketing cost of lithium serves as any indication.
The cost of lithium carbonate — a key ingredient used in the manufacturing of electric vehicle batteries and other low-carbon energy resources such as solar panels — has jumped 95% already in 2022, and is up almost 500% year-over-year.
https://www.theblaze.com/news/lithium-cost-skyrockets-amid-electric-vehicle-demand
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Concerned Taxpayer said:
( March 24th, 2022 @ 1:07 pm )
Lithium is a key component of the climate alarmist jihad against fossil fuels. It takes lots of it to make the batteries for electric cars, for the huge and unreliable storage battery systems for "renewable" energy, and lots of related things. Lithium is also prone to spontaneously combust and start extremely hot fires that are difficult to extinguish and give off toxic and potentially deadly fumes. Quite a few electric car owners have discovered that the hard way, some even losing their houses as well as cars when the lithium fires erupt. It tendency to spontaneously combust is why lithium batteries are not allowed on passenger planes.
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