Are There Enough Minerals On Earth To Support The Growing Electric Car Demand?

Advancing Battery Technology

Constructing an electric car is not an easy process; the most complex part is the battery. Battery technology has not advanced much in the past several years, and a power supply large enough to power a car without carbon fuel requires a lot of rare materials. Moreover, because these cars are not yet mainstream, electric car parts do not have the support of massive, highly-efficient factories that make traditional vehicles cheaper to assemble. The industry is moving in that direction with Tesla's Gigafactory for batteries, but it often hits production bottlenecks and is not yet ready for full use. This means that even if there was a higher demand for electric cars, manufacturers cannot make them in large quantities yet.