- Electronic Vehicles (EVs) are not likely to be a significant part of our transport future for at least the next decade, due to their high energy consumption, high costs and limited power capabilities, compared to conventional vehicles.
- The world has never been able to double the amount of resources needed in a 10-year period, which is what would be necessary to increase production of materials such as lithium, copper, zinc, chromium and molybdenum by a factor of 10.
- The Russian and Chinese economies are in decline, meaning material production and processing capacity will be lost.
- Tesla stock has dropped significantly due to Elon Musk’s erratic political views, the fact that Tesla is priced like a technology company when it is really an automotive company, and the global capital crunch.
You can watch the full EV’s Not-so-little Dirty Secret(s)by Peter Zeihan on YouTube – Published January 4, 2023
