Americans purchased more than 500,000 fully electric vehicles in the first three quarters of 2022, accounting for more than 6 percent of all U.S. vehicle sales. The Biden administration wants that number to exceed 50 percent domestically, and the International Energy Agency projects it to exceeed 60 percent globally by 2030. But getting those cars on the road—and storing increasing amounts of intermittent energy generated by solar panels, hydro plants, and wind turbines—would require a lot of lithium-ion batteries.
With current technology and lithium resources, that would be a daunting challenge. But ongoing battery innovation promises to address the gap.
