Lithium is everywhere, but the cost to extract from seawater and such is enormous since it is very low concentration. Efficient production is limited to naturally occurring concentrations. What I've read is lithium being closer to 2-3% of the total cost of the battery. With increased demand and limited production this could increase.
Batteries are not falling in cost as predicted: "Though the projected prices are lower than current prices, they fall substantially short of the expectations which were perpetuated, notably, by Tesla CEO Elon Musk."
Tesla is buying 75% of all cylindrical li-ion batteries and to reach even 1% of global marketshare they'll need 30x more. "Cell supply is crippling Tesla’s ambitious effort to expand its global reach."
“One of the bigger challenges for us is going to be lithium-ion cell production,” Mr. Musk said at Teslive. “We need a lot of batteries.”
Whatever the merits of fuel cells, there's no way batteries won't be a limiting growth factor for battery powered vehicles.
Batteries are not falling in cost as predicted: "Though the projected prices are lower than current prices, they fall substantially short of the expectations which were perpetuated, notably, by Tesla CEO Elon Musk."
Tesla is buying 75% of all cylindrical li-ion batteries and to reach even 1% of global marketshare they'll need 30x more. "Cell supply is crippling Tesla’s ambitious effort to expand its global reach."
“One of the bigger challenges for us is going to be lithium-ion cell production,” Mr. Musk said at Teslive. “We need a lot of batteries.”
Whatever the merits of fuel cells, there's no way batteries won't be a limiting growth factor for battery powered vehicles.