The Rare Earth Metals Handcuffing the EV Revolution
Forget “range anxiety” – the next big worry for EV enthusiasts might be a different kind of scarcity. Electric vehicles are projected to surge from 40 million on the road today to a whopping 230 million by 2030. But to get there, we’d need a literally “earth shattering” 700% increase in the production of rare earth metals like neodymium. Here’s the catch: these critical elements are already under strain. Mining them is often devastating to the environment, and just a handful of countries hold a ...
Read more at exoswan.com