A shortage of batteries used in electric vehicles (“EVs”) might create a case of security concerns in the United States. Electric cars use batteries just as combustion cars rely on fossil fuels. Similarly with incidents of oil shortages, electric carmakers can also experience a shortage in batteries.
According to the Department of Justice, the United States sources 90% of lithium, the metal used in those batteries, from Argentina and Chile. Meanwhile, China processes about 60% of the global lithium as well as 80% of the cobalt. The country is struggling to create a plan that will see it continuously refine those raw materials. Despite the push for EV adoption, the Biden administration has stopped…
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