Joe Biden and Transportation Secretary Pete Buttigieg were roundly mocked by conservatives last week for suggesting that working-class Americans struggling to pay the ever-climbing prices at the pump should consider simply buying an electric vehicle instead.
It was the Biden-era equivalent of Marie Antoinette’s (admittedly apocryphal) adage, “Let them eat cake.”
Yet this simple solution floated by Democrat elites might just be even more fantastical than expecting average Americans to be in the financial position to switch to an EV as they struggle to afford groceries.
Turns out, the U.S. doesn’t only rely on Russia for oil imports — it relies on Russia for materials used to make EVs as well.
Huh.
...
As the average price of lithium-ion battery cells could see its first year-over-year increase, the invasion of Ukraine has pushed nickel prices to an 11-year high by fears that Russia’s exports of the metal could be disrupted.
All this translates, of course, to rising EV prices.
China currently has a corner on the world’s lithium supplies, a fact Biden inadvertently and rather ironically drew attention to last month.
https://www.westernjournal.com/electric-cars-biden-wants-buy-many-made-russian-aluminum/
And Russian zinc and Russian nickle.
EVs require 13 minerals from 13 supply chains running through 60 countries. Half of them go through Russia.
It was the Biden-era equivalent of Marie Antoinette’s (admittedly apocryphal) adage, “Let them eat cake.”
Yet this simple solution floated by Democrat elites might just be even more fantastical than expecting average Americans to be in the financial position to switch to an EV as they struggle to afford groceries.
Turns out, the U.S. doesn’t only rely on Russia for oil imports — it relies on Russia for materials used to make EVs as well.
Huh.
...
As the average price of lithium-ion battery cells could see its first year-over-year increase, the invasion of Ukraine has pushed nickel prices to an 11-year high by fears that Russia’s exports of the metal could be disrupted.
All this translates, of course, to rising EV prices.
China currently has a corner on the world’s lithium supplies, a fact Biden inadvertently and rather ironically drew attention to last month.
https://www.westernjournal.com/electric-cars-biden-wants-buy-many-made-russian-aluminum/
And Russian zinc and Russian nickle.
EVs require 13 minerals from 13 supply chains running through 60 countries. Half of them go through Russia.
