Electric vehicles (EVs) have been associated with threatening power grids (see 1, 2), fires (see 1, 2, 3, 4, 5, 6, 7, 8, 9), health and environmental issues (see 1, 2, 3, 4, 5, 6, 7), and high costs (see 1, 2, 3, 4) In fact, a survey published in July revealed that many Americans are still not interested in owning or leasing them because of costs and of course, other concerns as well. Those basing their decision strictly on cost may be not interested for a while longer.
From Zero Hedge:
Lithium Prices Hit New Record As EV Affordability Concerns Mount
by Tyler Durden
While California banned the sale of new gas-powered cars by 2035, and the Biden administration unveiled $900 million in new funding to build electric vehicle charging stations, rising lithium prices could derail the EV revolution.