The top executives of Stellantis, whose U.S. brands include Jeep, Ram, and Chrysler, on Wednesday warned the auto industry is in danger of collapse if the prices of electric vehicles don’t significantly decline. Supply chain and materials’ shortages makes that scenario unlikely.
Underscoring the cluelessness of the U.S. leadership driving the accelerated conversion to electric vehicles, Reuters reported this morning that a proposed California tax on lithium mining could lead to additional shortages and stifle the U.S. lithium mining industry before it begins. China already controls the global EV materials supply chain.
The ineptness of America’s energy leadership comes as no surprise to Michigan residents who lived in the state between 2003 and 2011.