Electric vehicles (EVs) are in the spotlight and every industrialized country is looking for a piece of the pie. We’re at a pivotal moment in the transition to more sustainable forms of energy and transportation, and the United States is clambering to lead the pack.
There’s a problem, however, that promises to make EV production in the U.S. tricky at best. China, along with a group of other countries, is so much more advanced in this area, especially in lithium battery production, the keystone that powers many EV models on the road today.
Lithium is the soft, silvery-white metal that provides ideal conditions for storing the energy required to keep EVs moving with maximum battery capacity. China and those other nations have a stronghold on the world’s lithium supply. As everyone is looking to capitalize on the sustainability wave and cash in on EV production, the one key challenge is meeting the fast-growing ambitions, especially in the U.S.