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Bad News for Biden and Electric Vehicle Market

I like the idea of electric cars. I would like to get a Tesla for myself and perhaps I will one day, but I’d honestly like to see what else they can come up with.

My in-laws have a hybrid that is electric and gas and the way that it works is that you actually don’t have to charge the car because it is designed in such a way that when you’re using the engine normally and when you break, it actually charges the battery for you.

It’s really a very cool idea and the mileage that they get from that vehicle is pretty amazing. I’ve driven it on trips a few times and if I’m not mistaken, it can get somewhere between 60-100 mpg. It’s been a while so I don’t recall the exact number, I just remember it was high.

I think going to cars that are 100% electric is not a good idea. It’s a fun idea, but I don’t think it’s practical at all. You can’t get the distance for long trips like you would in a gas vehicle and there is no way to charge it quickly.

If you’re at 0% or near 0% charged in a Tesla and you go to charge it with a supercharger, it’s going to take you nearly 2 hours to get it charged all the way. Compare that to filling up a gas tank that only takes 5 minutes or less normally.

But there is another bigger problem that is facing the Biden administration and the electric vehicle market, and that problem is lithium.

Lithium is required for these batteries and the price has skyrocketed. Not to mention the fact that they have to completely destroy the land in order to get this “earth-friendly” vehicle to run.

According to Western Journal,

The cost of electric vehicle battery packs is about $132 per kilowatt hour (kWh), Electrek reported at the end of November. The average Tesla battery pack has a capacity of 100 kWh, which means a battery pack would cost over $13,000.

Generally, $100 per kWh for a battery pack is the benchmark price necessary for electric vehicles to be cost-competitive with gas cars.

At Tesla, one of CEO Elon Musk’s goals is to produce a $25,000 electric vehicle, Bloomberg reported. That is about $15,000 cheaper than the current Model 3, which is the cheapest car Tesla has on the market.

But producing a cheaper model is difficult when the raw and necessary material of lithium is so expensive. At the beginning of the month, the price hit about $31,395 per ton, according to Benchmark’s Lithium Assessment.

So in the end, the price to operate one of these cars is going to be too high and unsustainable. I think that what we have right now is just the beginning and that there will be another way that works much better, but this is the best we have for now. It’s sort of like when we first got computers. We all thought that Windows 3.1 was great, but look at where we are now.

The post Bad News for Biden and Electric Vehicle Market appeared first on Freedom Headlines.

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