The Achilles’ heel of vehicle electrification is the lithium-ion battery, an inefficient, costly and vulnerable energy-storage system plagued by issues of weight, energy density, low performance in cold weather and grid adequacy — and now also by skyrocketing prices of the key minerals it requires: lithium, cobalt and nickel.
The electric mobility paradigm needs to be recognized for what it has been: a technical and fiscal flop. It should be shelved before it precipitates a serious meltdown of the automotive industry.
It should also be noted it takes over 500,000 pounds of earth to be moved by diesel guzzling machines to make
ONE EV battery.
The electric mobility paradigm needs to be recognized for what it has been: a technical and fiscal flop
financialpost.com