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Cake day: September 24th, 2023

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  • You actually can’t ‘just all retool the factories’. The mining of certain materials, notably copper, becomes a limiting factor. To produce the worlds 100,000,000 motor vehicles per annum (given a generous assumption of 50kg of copper per electric vehicle) would require 5 million additional tons per year, a 20-25% increase over current figures. Meanwhile the cost of refining increases exponentially with decreasing ore grade.

    Sure not every manufacturer would go out of buisness, but the industry would absolutely collapse.