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> So that means, you need a battery. The price of the battery, its decay and so on, has to be taken into account That is the analysis they have done. > If eve
by Brakenshire 7y ago
> So that means, you need a battery. The price of the battery, its decay and so on, has to be taken into account
That is the analysis they have done.
> If everybody would go electric Today, the price of a battery would go to infinity, as there is not enough supply for that demand.
I don’t understand why this is relevant, they are talking about a comparison for projected costs in 25 years, there’s plenty of time for battery production to increase, it would be 15% a year over that timeframe even for a total transition, and the industry is currently sustaining 75% a year growth.
25 years seems like a long time, but it’s a relevant timescale for oil investments made today and in the next years.
- thiago_fm 7y agoMaybe there isn't even enough lithium to power cars for the next 25 years. They either flop the market completely with new technology, or this will fail badly. It is possible to create electric cars nowadays, but as we live in a capitalistic society we forget easily that we don't have unlimited resources on this planet. Lithium is still more rare than oil. I don't see how this is sustainable at all.