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Battery costs have declined by 99% in the last three decades, making electrified transport a reality
(ourworldindata.org)
this post was submitted on 01 Apr 2026
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While they are getting cheaper, lithium is not in infinite quantities, nor are rare earths and other elements within li-ion batteries. Also cobalt is problematic for many reasons. LFP are much better but still depend on lithium at least. So, price helps, but it's not everything.
Unlike petroleum products (which are also in limited supply and have questionable sources), battery ingredients are eminently recyclable. So while it’s all problematic to get out of the ground, once it’s in a battery it can be used over and over and over again.
Everything is better than fossil fuels :) But yes and no. Batteries are not trivial to recycle plus there is more and more demand. Also a lot of rare earths are concentrated mainly in a single country (i.e. China). LFPs and new technologies to the rescue such as sodium.
Do you think it's easier to
?
Where do you think will be the higher concentration of lithium?