Electric vehicle (EV) “mania” might be at an end, or, at a minimum, easing down, according to research, as concerns about supply chains, lithium sourcing, inflation, and more affect production capacities while customer demand decelerates globally, as evidenced by industry leader Tesla cutting prices in order to increase sales.
In Europe, EV car manufacturers are slowing production due to uncertainties around lithium supply for batteries as well as electric vehicles proving to be expensive for the middle class, according to a Jan. 18 Institute for Energy Research (IER) post. This year, Europe is expected to output 12 million cars, which is a million less than earlier estimates.
“The total number of road motor vehicles registered in Canada increased to 26.2 million in 2021, up 1.9% over 2020″
Now imagine everyone plugs in their “Strength Through Justin” Trudeau Wagen all at once. Guess what happens to the power grid.
