My comments previously do have some equity !
A paragraph written by a news article called Seeking Alpha
The European Commission plans draft EU green battery rules by October ahead of EV surge. The European Commission plans to propose EU sustainable battery rules by October in a bid to challenge China's dominance of the global battery market, which is projected to grow to Eur250 billion per year ($274 billion) by 2025. The EC hopes the rules will become binding by 2022, in time for an expected surge in electric vehicle output in 2023. The rules aim to give the EU a competitive edge in battery sustainability, performance and safety, and to develop a circular economy for all batteries produced or sold in Europe. A key issue is access to raw materials.....The EU is expected to need up to 18 times more lithium and five times more cobalt by 2030 to meet demand from renewable energy, e-mobility, defense and space sectors
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