But this isn't how it will work at all. EVs will take over because ICE cars will be excluded from too many markets by law for the remaining ones to stay profitable price wise due to negative scale effects. People won't switch to EVs because they will want it, they will just have to. Question is who will make the money resulting from it.
As for supplies of lithium - supply is created when there is demand. Surely today's lithium reserves are insufficient, just as existing oil reserves were insufficient for even the whole eventual production run of Ford Model T when it was first launched. Reserves are created by demand, we should ignore current data: when there is demand, miners will find and give it to us.
As for supplies of lithium - supply is created when there is demand. Surely today's lithium reserves are insufficient, just as existing oil reserves were insufficient for even the whole eventual production run of Ford Model T when it was first launched. Reserves are created by demand, we should ignore current data: when there is demand, miners will find and give it to us.