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Monthly Journal: Traders' Insights Wanted!
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The obsession with EV range is all wrong

Recently there few EV companies boasted about using 1000 km or more electric battery.  This article revealed that EV with 300 miles (482 km) electric battery is good enough for most people. Smaller range EV can reduce expensive minerals like lithium wastage. Longer range battery is not only expensive but also heavier.
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People worry about getting stranded, or having to vie for a charger (range anxiety). So  automakers have started producing ever more gigantic batteries, using large caches of minerals to satisfy the American need for distance. This year, one EV on the market  the sleek $140,000 Lucid Air Grand Touring  boasts a whopping 516-mile (830 km) range. Toyota recently announced that it had achieved a breakthrough with solid-state battery technology, saying it will soon be able to produce electric cars that can go 746 miles (1,200 km) on a single charge.
But some analysts say that all that range — and all that battery — misses the point, and wastes resources. Only 5 percent of trips in the U.S. are longer than 30 miles (48 km). The vast majority of big batteries will never be used — particularly if the owner has a place to plug in their car every day.
The obsession with EV range is all wrong
In a report by researchers at the University of California at Davis, the Climate and Community Project, and Providence College, experts found that simply switching to smaller EV batteries — batteries that could give a small car a range of 125 miles or so — could cut lithium demand by 42 percent. Switching to other modes of transport, like trains, buses, or e-bikes, could cut that number even more.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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