
China currently assembles 76% of the world’s batteries. Materials needed for the batteries are mostly outside the US.
The Wall Street Journal has an interesting video article Taking Apart an EV Battery Illustrates Why ‘Made in America’ Will Be Tough
I believe that is a non-paywalled link.
President Biden’s Inflation Reduction Act calls for at least 50% of an electric vehicle’s battery to be made in the U.S. to qualify for a federal discount. WSJ’s George Downs breaks down a battery to explain why that’s going to be a challenge.
California Bans Gasoline in New Car Sales by 2035
And with virtually no discussion of the implications, nor any feasible plans to deliver the mandate, California Demands More Inflation, Bans Gasoline in New Car Sales by 2035
This is one hell of a let’s do it and see what happens mandate!
I can guarantee one thing, it will add to inflation, and likely in far more ways than we now understand.
The inflationary polices of Progressives in blue states, coupled with inflationary madness by president Biden, will put the Fed on hold for any recession (stagflation) fighting efforts.
Good luck with that for the stock market.
This post originated on MishTalk.Com.
Thanks for Tuning In!
Please Subscribe to MishTalk Email Alerts.
Subscribers get an email alert of each post as they happen. Read the ones you like and you can unsubscribe at any time.
If you have subscribed and do not get email alerts, please check your spam folder.
Mish


Worldwide energy production from solar:
I found this very simply you can go all day if you like… but I’m confident you don’t get exponential increases with diodes in the sun
The easiest way to take a step up in efficiency is to use solar energy as a heat source rather than an electricity source (e.g., for heating water), which can approach 70% efficiency with current technology. Trouble is, electrical energy is just so much more handy than heat energy.
expansion that mining operations could cause to the environment. In
addition, a spate of viral social media posts has brought negative
attention to a mineral that the public knows little about, beyond
hearing it in the context of lithium-ion batteries.”
rainbow with lightning last night at sunset (a triple play) and many lightning
strikes. Had
rainbows Thursday, Friday, Saturday
No
storms scheduled today – headed home. About
2.5 hours away