The EV Boom to Bust

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  • Demand and Strain on the Power Grid:
    • Over half of all new cars sold in the U.S. by 2030 are expected to be electric vehicles.
    • However, this surge in EV adoption could strain our nation’s aging power grid, which was originally built for fossil fuels.
    • Domestic electricity demand is projected to increase significantly by 2030 and 2035, driven primarily by the transportation sector’s shift to EVs.
    • To accommodate this demand, we need major grid changes, including high-voltage transmission lines, distribution upgrades, and hardware for renewable energy integration.
  • Lithium Industry Fallout:
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