With lithium costs still sky rocketing, Biden may need to reconsider spending billions for electric…
The Western Journal
Electric car manufacturing is running into a hiccup as the price of one key material is rising. This will also cause problems for President Joe Biden and his administration, as they were planning on growing the electric car industry in order to promote sustainability.
The price for lithium, a key material for electric car batteries, is skyrocketing.
In the past 12 months, the cost of lithium has gone up more than 250 percent, according to Benchmark Mineral Intelligence, meaning the price of batteries is going up as well.
