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Benzinga
Benzinga
Business
Caroline Lubinsky

America Is Sitting On A Treasure Trove of Clean-Energy Minerals – And Wasting Most Of It

Small,Pile,Of,Minerals,Extracted,In,A,Rare,Earth,Mine

The rate of electric vehicle adoption has increased, with California having more than 1 million registrations as of 2023. While that represents 35% of the country's electric vehicles, Florida and Texas also had over 200,000 registrations in 2023, according to the US Department of Energy.

Despite some recent rollbacks in clean energy initiatives, millions of electric vehicles are already on the road in the U.S. To accommodate the growing demand, the country will need enormous amounts of minerals, such as lithium and cobalt. Unfortunately, despite its vast reserves of various minerals, much of the supply is being wasted.

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