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Could Sucking Up the Seafloor Solve Battery Shortage?

Cars That Think

The supply of metals like cobalt, copper, lithium, and nickel needed for batteries is already shaky , and soaring demand for the hundreds of millions of batteries in the coming decades is likely to trigger shortage and high prices. China processes about 80 percent of battery raw materials, creating a chokehold on global supplies.

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Convincing Consumers To Buy EVs

Cars That Think

In addition, using smaller batteries would allow more EVs to be built, and potentially relieve pressure on the battery supply chain. EVs ain’t cheap Price is another EV purchase risk that is comparable to EV range. However, other automakers like BMW are quite unabashed about going after the luxury market which it terms “ white hot.”

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