[Pierre]

Originally Posted by nomadking

How will they become magically cheaper?
Rare earth elements are rare.

Battery raw materials could face a supply crunch by the mid-2020s. Link
And that's just to supply the UK.

It was reported that there were enough resources to replace the current global internal combustion engine fleet just about.

So given that replacing that fleet would take decades it’s not really an issue initially.

But roll on many decades.

Lithium-ion batteries recycling rate from used batteries to new is between 70-80%. That means diminishing returns of around 25%.

So, much like “fossil”* fuels, lithium is a finite resource and will run out eventually, we’ll be dead by then, but my Grandchildren will be buzzing around in their classic 2019 Mustang that i will have left them.

* if you believe oil to be a fossil fuel, for which there is no evidence.