Visualizing America’s Electric Vehicle Future
The U.S. is accelerating its transition to electric vehicles (EV) to address climate change. However, obtaining the minerals and metals required for EV batteries remains a challenge.
Then, we look at how this strategy could be fueled by domestic mining and battery recycling.
The All-Electric America
Gasoline-powered cars are one of the biggest sources of carbon pollution driving the climate crisis. As a result, the Biden Administration has set a target for EVs to make up 50% of all new car sales in the U.S. by 2030. Today, fewer than 1% of the country’s 250 million vehicles are electric.
In November 2021, Congress passed the Bipartisan Infrastructure Deal, which includes:
- Replacing the government’s 650,000 vehicle motor pool with EVs.
- Electrifying 20% of the country’s 500,000 school buses.
- Investing $7.5 billion to build out a network of 500,000 electric vehicle chargers across the country.
The idea also has popular support. According to a poll, 55% of voters in the U.S. support requiring all new cars sold in their state to be electric starting in 2030.
However, rising EV sales are already driving demand for battery metals such as nickel, lithium, and copper, threatening to trigger a shortage of these key raw materials. So, does the U.S. have the (Read more...)