Like multiculturalism and immigration, electric cars are another thing that politicians, like idiot boy Ryan, are determined to push down our throats.Beatty wrote: ↑Wed Jan 31, 2024 7:55 am https://www.abc.net.au/news/2024-01-26/ ... /103388902
It has been dubbed the "white gold" of the energy transition, but in the past year the price of lithium has dropped by more than 80 per cent.
Meanwhile, nickel is down more than 40 per cent.
The plummeting prices have pushed WA's major industry players to mothball their mines, workers to lose jobs and the government to all but panic.
Both minerals are key components of batteries used in electric vehicles (EVs).
It's not unusual for critical mineral markets to rapidly fluctuate.
Forecasts of huge demand lead to sudden price hikes that ultimately feed a surge in exploration and production.
Until there's a glut.
That has apparently been the case for lithium and nickel – the supply simply outgrew the rise in demand.
While the uptake of EVs is increasing, the pace has been slower than anticipated.
Every day I'm reading of problems with electric vehicles, from batteries blowing up to huge repair bills to people ditching them and going back to ICE because of unreliability and uncertainty of range. Obviously, the technology is not right yet, the homework hasn't been done and it's better to wait until they get it right before burdening the world with yet another white elephant which future generations will be left to sort out. But that would take brains, foresight and honesty, things which are notably absent in politicians.