Latest / NEXT with John Koetsier
We’re at 2% EVs. Biggest threat to 100%?
US President Biden said his goal is that 50% of cars sold in 2030 will be zero-emission vehicles: less than 9 years away. So … is that doable?
Maybe, but the US needs 10X more rare earths for magnets.
Currently, less than 2% of cars on American roads are electric. About 17-19M cars are sold in the US annually, and a little over 300,000 are EVs. So we’re at about 2%.
One of the things you need is batteries. The other is electric drivetrains, and for that you need rare earths for magnets: neodymium, praseodymium, dysprosium, and terbium. Plus, of course, lithium for batteries. It't not just…
The skinny
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