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Zero emissions at ANY COST seems to be the direction being mandated by governments and the Environmental, Social and Governance movements around the world, to divest in fossil fuels.
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Biden’s goal of 50% EV sales by 2030 will test lithium supply chains and the economic strength of the American society to meet those projections without any subsidies to procure those vehicles.
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Before your next vehicle purchase, be knowledgeable that most of the exotic minerals and metals to build EV batteries are being mined in developing countries.
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EV buyers should be aware that they may be contributing to the pursuit of “blood minerals” to achieve their efforts to go green.
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The U.S. desperately needs more fossil fuels to address rising prices, shortages, and Russian aggression in Europe. But rather than encourage the development of domestic sources, foreign supplies from hostile regimes in places like Venezuela and Iran are pursued.
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Growing the supply chain for EV’s without a corresponding growth in demand, could be an economic disaster in the works.
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Tesla reported second quarter results earlier this month. Despite losing $718 million during the quarter, Tesla shares rose 16 percent on renewed promises of profitability.
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U.S. Environmental Protection Agency (EPA) Administrator Scott Pruitt announced his plans to scrap Obama-era Corporate Average Fuel Economy (CAFE) standards.
