Oh and consider this post in the remarks, they are talking about Lithium...
Bolivia has an estimated 5.4 million tons, we have 410,000 tons, China has 1.1 million tons, and Chile has 3 million tons. Total world deposits equal 30 million tons.
Extracting lithium is an expensive and time intensive process of pumping water in to lithium-containing beds, then letting what bubbles up dry, then reprocessing it. Further, the majority of lithium is controlled by communist/nationalistic socialist states, making relations tricky.
While it still sounds like we have a LOT of lithium consider this. There are 600 million vehicles (appr.) on the world's roads today. With the battery pack in the Volt weighing 400 lb., even if just 10 percent of the battery pack was lithium, that would make for:
40 lb/(1 ton/2000 lb)*600 million vehicles = 12 million tons of lithium.
That means that to replace just one generation of vehicles, we'd have to use up 1/3rd of the world's lithium. That's a big deal, considering the demand-related price effects that would have on the electronics industry, drug industry, and other lithium-using industries.
True a minor adoption is not to dangerous (might spike resource prices just a bit), but major adoption just seems infeasible.
I do think A123's Nonophosphate provides a potentially promising alternative. But more research needs to be done to find a battery solution with a less scarce elemental basis. This would DRAMATICALLY reduce the price, and could provide a boost to the consumer electronics industry as an extra perk.
In the meantime, I say mild hybrids, direct injection, diesel, and cellulosic ethanol are the best bets for the near future.
Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
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