In 2022-23 several hundred billion USD of investment in new battery production capacity in the USA and Europe was announced in multiple announcements. (Source:

In 2022-23 several hundred billion USD of investment in new battery production capacity in the USA and Europe was announced in multiple announcements. (Source: cleantechnica, or batteriesnews, or energy-storage.news, or maybe industry weekly; I'll try to find it again. In the mean time, there's this[1]. Edit: and this: battery-news.de[2].) Much of that should come online in 2025 - 28, if not canceled first. Edit 2: there are several steps in the production chain beyond mining and initial refining. There is material production for anodes, cathodes, electrolytes, separators, and lithium; there is cell assembly, there is pack assembly, and there is production of electronics associated with cells and packs (charge controllers, pack management). Each of these has its own issues. It's not as "simple" as refining oil. 1. Chart 1: Lithium-Ion Battery Capacity Expected to Surge, FRB Dallas: https://www.dallasfed.org/research/economics/2022/1011 https://www.dallasfed.org/research/economics/2022/1011 2. https://battery-news.de/index.php/2022/01/21/battery-projects-in-north-america-status-january-2022/ https://battery-news.de/index.php/2022/01/21/battery-project...