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About the photo: Lithium: The Link Between the Ukraine War and the Clean Energy Transition.
Gabriela Garity | June 3, 2022
"According to preliminary estimates, researchers believe that Ukraine is a treasure trove of lithium, holding about 500,000 tons of the “non-renewable mineral that makes renewable energy possible.” Lithium has become virtually irreplaceable in electric vehicle (EV) batteries because of its efficient energy storage per unit of weight. Skyrocketing global demand growth for lithium is estimated to range from 400% to 4,000% in coming years. Demand will outpace supply and, without more investment in mining capacity, costs could become prohibitive to EV adoption. Elon Musk’s dream of lowering prices to attract new customers was already crushed when Tesla announced a price hike of over $2,370 for its Model Y vehicle soon after the crisis began."
https://kleinmanenergy.upenn.edu/news-insights/lithium-the-link-between-the-ukraine-war-and-the-clean-energy-transition/
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