this post was submitted on 24 Dec 2023
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Technology
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I can explain. You're thinking like a scientist, not a capitalist. Money will go into this tech because it forces you to be dependent on that charging system. They want that. It's better margins than electricity creation.
You are not completely incorrect here, but the capitalist side of this entire industry shifted to obtaining the rights to the raw resources a long time ago. There's a reason Tesla and Toyota have been snatching up mineral rights via acquisitions for years now. They want the entire supply chain, not just the proprietary means to deliver the product.
But that’s the supply chain for the vehicles, not for the fuel. One of the best parts about BEVs is that if a new better technology is invented tomorrow, as long as it continues to use electrons being pushed around, all the infrastructure will continue to work. I don’t care what companies or governments try to do, I can still plug my car into the wall.
There’s money in hoarding the lithium, but not the kind of printer ink/razor blade money that you have with fuel sales.