Tag: electric vehicles

‘A Mad Scramble’: One Rare Mineral May Spell Doom for Electric Vehicle Market

Georgia Star News Staff

Lithium — a mineral that is key for electric car batteries — continues to rise in price, jeopardizing the ongoing transition to renewable energy outlined by Western governments.

The cost of lithium has skyrocketed more than 250% over the last 12 months, hitting its highest level ever, according to an industry index from Benchmark Mineral Intelligence. While the cost of manufacturing a lithium-ion battery for an electric vehicle (EV) has fallen sharply over the last decade, the decline has slowed in recent months due to rising lithium costs.

The average cost of an EV battery pack fell to $157 per kilowatt hour, a measure of energy capacity, in 2021, the Department of Energy said in October. That means a typical EV battery is between $6,000 and $7,000, a BloombergNEF analysis showed.

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‘Truly Historic’: Biden Environmental Protection Agency Introduces New Regulations to Force Electric Vehicle Transition

Georgia Star News Staff

The Biden administration rolled out a series of new emissions regulations for passenger vehicles and light trucks that it said would “unlock” $190 billion in benefits for American consumers.

The regulations will be enforced beginning with 2023 car models and will be revised with more stringent standards in 2027, the Environmental Protection Agency (EPA) announced. The EPA said the new emissions standards would ultimately quicken the transition from traditional engine vehicles to zero-emission cars.

“This day is truly historic,” EPA Administrator Michael Regan said during an event on Monday.

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Electric Vehicle Push Is Sparking Massive Deforestation, Environmental Damage

Admin

A major nickel mine in a Philippines rainforest has continued to expand, mowing down acres of trees as global demand for minerals essential for electric vehicle manufacturing surges.

The Rio Tuba mine in the region of Palawan supplies an important mineral for electric vehicle batteries in Tesla and Toyota cars, but the mine is nearing an expansion that would cause it to grow from four square miles to 14 square miles, according to an NBC News investigation. The growth of the mine would cause massive deforestation of the land which environmentalists warn could destroy the area’s ecosystem.

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Commentary: America’s Automotive Future

Georgia Star News Staff

Joe Biden, emulating trendsetting blue state governors like California’s Gavin Newsom and New York’s Andrew Cuomo, recently has declared that by 2030, new car sales must be 50 percent zero-emission electric vehicles.

The problem with this decree is that it violates the proverbial rule against the government picking winners and losers. It’s one thing for the government to subsidize energy research, or, for that matter, any pure research. Libertarian purists might object to that, but sometimes these public-private research partnerships can accelerate innovation and help keep American manufacturers competitive. It’s quite another thing, however, for the government to restrict what sort of technology powers our vehicles, because there’s no way we can predict how technology will evolve between now and 2030.

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Critics Pan Biden Order Calling for Half of U.S. Vehicle Sales to Be Electric by 2030

The Center Square
Electric car being charged

A new executive order from the Biden administration has accelerated the timeline for electric vehicles and raised questions about the economic impacts of the transition away from gas-powered vehicles.

President Joe Biden signed the executive order Thursday aimed at making 50% of vehicles zero emission in the U.S. by 2030, an aggressive push toward electric vehicles. About 2% of new cars sold each year in the U.S. are currently electric, according to the Pew Research Center.

“The Executive Order also kicks off development of long-term fuel efficiency and emissions standards to save consumers money, cut pollution, boost public health, advance environmental justice, and tackle the climate crisis,” the White House said.

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Commentary: Electric Vehicles and Their Drawbacks, Chapter II

RealClearWire

There is a growing push in the U.S. and throughout much of the developed world to convert transportation from a primary reliance on fossil fuels to an almost-exclusive use of renewable energy (wind and solar). With this goal come promises of unlimited clean and free energy, the creation of millions of green jobs, and the benefit of helping save the planet from an imminent climate catastrophe.

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Analysis: Electric Vehicles and Their Drawbacks

RealClearWire

Electric-powered cars are now the rage. Tesla’s market capitalization is seven times larger than that of General Motors and fourteen times larger than Ford’s, though it builds a fraction of the vehicles that those companies do. Many politicians are even considering banning gasoline-powered cars within a few years in favor of electric vehicles (EVs), all in the name of saving the planet. 

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