Many EV buyers would buy a Chinese car if it was cheap enough, according to a recent survey.
  • ililiililiililiilili@lemm.ee
    21·
    7 months ago

    The batteries are about half the cost of making an EV. A $30k car literally has $15k+ worth of batteries inside. The Chinese are prepared to produce batteries today. China will not be able to arbitrarily limit global supply in the future. Global lithium supply is not analogous to oil prices and OPEC.

    Lithium ion batteries are not produced by 1 entity and the tech has been around a few decades. People are absolutely innovating better, more sustainable, and less toxic battery chemistry. Lithium is just the best option we have now.

    • ShepherdPie
      21·
      7 months ago

      You keep focusing on the lithium market while I’m speaking about the automotive market. If China makes EVs unprofitable for the rest of the market by selling them at an artificially low price, who is going to be left to build them once the dust settles?