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12,487 Posts.
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21/11/22
10:12
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All thouse things you memtioned, did more with less & improved the cost of living & cost to consumer
The EV does not.
Current tech is simply not up to par if you look at this as a great rotation.
We cannot electrify the world with know resources at hand.
Economics 101 dictate teh scarcity will make th eprice go up as precious resources get harder & harder to find.
As demand increases & supply cost increase, point of equilibrium goes up.
Currently there are NO substitutes.
Battery tech needs to improve 10 fold & the EV use 1/2 the resources they do.
Would agree is the supply chain could meet deamnd, but it simply cant....or are we mining asteriods now?
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