this post was submitted on 18 Aug 2023
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Big oil already has massive investments in lithium. Big oil is already ready to transition to big lithium, they're just squeezing out the last bits of cash they can in oil.
Did anyone think that as EVs became popular that industrial giants like ExxonMobil would just disappear? No, big oil is already positioned to be with us another 100+ years as they strip mine the planet for lithium.
Mass transit is what was always needed, but there's little to no profit there. With EVs, it's just the same song and dance as oil but with batteries this time.
Nobody told them that lithium batteries aren't that future proof...