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Toyota digs for Lithium

Revenge of the Electric Car

Toyota uses nickel-metal-hydride batteries for the current Prius hybrid but has decided on lithium-ion batteries for future plug-in models. Boliva has around 50 percent of the world’s lithium reserves, but does not yet mine the metal, while Chile, China and Brazil also hold big reserves.

Toyota 124
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Zero EVs May Qualify For the Federal Tax Credit Under the Inflation Reduction Act Requirements

EV Adoption

The critical materials in the battery that were extracted or processed in a country with a free trade agreement (which includes Australia, Chile, South Korea, etc.) Any rebate and policy first and foremost HAS to reduce or replace these older vehicles with more efficient vehicles (gas, hybrid, or EV). in effect with the U.S.