10x increase in world production capacity every five years.
Currently at about 200-300GWh/year. Expect 2-3TWh/year by 2026, and 20-30TWh/year by 2031.
Volkswagen had better pick up the pace quite a bit.
BRICS nations and friends will make the near future very uncomfortable for Westerners used to affluence.
The US will simply do whatever it always did and, should the need arise, simply putsch away whoever governs these reserves.
[1] https://en.wikipedia.org/wiki/List_of_countries_by_lithium_p...
Or someone will start digging for raw materials in a place that isn't hostile.
Also, essential minerals are alllllll over, only some (cobalt nickel) are concentrated in a few areas and those are actively being minimized and eliminated from future chemistries.
It seems to me equivalent to pc manufacturers making their own chips.
There is no alternative around the corners IMHO car companies are not thinking big enough with their investments.
This is vague enough that perhaps you shouldn't take my word, but I unfortunately don't have the 15 minutes this weekend to track it down... if I find it again I will try to email you.