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I think it’s because they know there isn’t enough lithium supply for 100% of their sales to be electric. They’ve also stated that many consumers can’t afford fully electric vehicles.

If they get something working with iron based batteries and have a path to fully electricity their sales then the world is a better place. Their sales volume is immense.

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> I think it’s because they know there isn’t enough lithium supply for 100% of their sales to be electric.

Somebody tell Europe this, since many countries are sunsetting new sales of ICE cars within the next decade, right?

I'm skeptical that mining and recycling won't be able to be steadily ramped up to match demand.

It still seems odd to me that they'd just...not really do EVs while their competitors gain experience and trust shipping EVs years before them. They don't need to flip a switch and suddenly begin producing only EVs.

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