Who Wants to Follow China’s Long Toxic Walk?
China has long been famous for its poisoned air, toxic rivers, and deadly soil. Now the aging dragon faces a new toxic calamity: a looming mountain of poisoned and unusable lithium batteries from electric vehicles.
These EV Batteries are Only Good for 5 Years
China is moving to force its rapidly aging population to buy electric vehicles (EVs), even though these batteries become unusable after 5 years and disposing of this looming mountain of toxicity is beyond China’s current infrastructure.
This month, China [said] that it would eventually phase out sales of all fossil-fuel cars.
… The average lifespan of a lithium-iron phosphate (LFP) battery, the dominant type in China’s electric vehicles, is around five years, according to Li Changdong, chairman of the Hunan-based Brunp group, China’s top electric car battery recycler in 2016 (link in Chinese).
… China’s not the only one facing a recycling headache. In the European Union, only 5% (pdf) of lithium-ion batteries, another common type of battery power used in electric vehicles are recycled, according to data from non-governmental environment advocacy group Friends of the Earth Europe, which pointed out that “most of the current lithium is either dumped in landfill or incinerated.” ___ https://qz.com/1088195/chinas-booming-electric-vehicle-market-is-about-to-run-into-a-mountain-of-battery-waste/
“Nowadays, lithium-ion batteries are being actively promoted by many governments all over the world as a viable energy solution to power everything from electric vehicles to mobile devices. The lithium-ion battery is used by millions of families, so it is imperative that the general public understand the risks behind this energy source,” explained Dr Jie Sun, lead author on the study. __ https://eandt.theiet.org/content/articles/2016/10/lithium-ion-batteries-found-to-produce-toxic-gases/
Not Just China’s Problem
As noted by the articles above, Europe and parts of the Anglosphere will soon have to face looming toxic mountains of their own green Idiocracy. And by all indications, EU nations intend to double down on stupid green, and develop their toxic storage and EV infrastructure at a near-exponential rate.
Toxic Lithium Mountain Meant to Solve Nonexistent Problem
Without considering the need or counting the consequences, green idiocracies have chosen badly. The black shadow cast by the emerging mountain of discarded lithium batteries is beginning to darken the futures of more and more developing and emerging nations. And for what? To make a handful of politically connected billionaires even wealthier, and to make the masses of unthinking green acolytes feel even more self-righteous.
The mountains of worthless lithium wastes belong with the vast landscapes of rapidly obsolescing wind turbines and solar arrays, which have been forced upon well-meaning populations by their corrupt and ideologically bent governments and toxic green corporate cultures. None of it is justified, and all of it will take a huge chunk out of the time and resources which humanity could otherwise put toward building an abundant and expansive human future.
Reliable and affordable electric power and transportation energy are key aspects of a modern society’s critical infrastructure. If that infrastructure is built on faulty and toxic foundations, a lot of people will die.
Hope for the best. Prepare for the worst. It is never too late for a Dangerous Childhood © .
As for China, it was already sinking into a quagmire of debt. In no way can it deal with the lithium calamity in a timely or effective manner, given its demographic and economic trends.
In 2015-16, the IMF estimates, it took 20 trillion renminbi of new credit to raise nominal GDP by just 5 trillion renminbi.
Bad debt in China is approaching $1 trillion, and will only get larger along with the overall great debt mountain of China. Even worse, state owned enterprises borrow more and more just to pay interest on previous loans, which only kicks the default can down the road and makes the final reckoning even worse. This will not end well, as a study of 43 previous large credit booms around the world has shown.
… if too much of [China’s] debt is bad there is increased risk of an economic crises that would halt economic growth and take years to fix. The government has made this worse by allowing economic data reporting to be “adjusted” to suit the needs of local (provincial) officials. That was bad enough (and is now being fixed) but during several decades of rapid economic growth this flawed data allowed the state owned banks (which still dominate the economy) to lend too much money. Thus debt in China keeps rising. It went from 254 percent of GDP (nearly three times what it was before 2008) in 2015 to 277 percent in 2016 and unless the government can develop some solutions it will be over 300 percent by the end of the decade. What makes this pile of debt trap so toxic is that, much, if not most of this debt consists of loans that the borrower cannot repay, or not repay in a timely fashion. ___ Source
Electric Vehicle Makers Lose Big Money
GM … loses about $9,000 on every Chevrolet Bolt electric car it sells. Tesla had record sales of its EVs last year — and still lost $675 million on $7 billion in sales. Fiat Chrysler Automobiles NV loses $20,000 on every electric version of its 500-model subcompact sold in the U.S., Chief Executive Officer Sergio Marchionne said in a speech in Italy on Monday. Battery-powered models should be marketed based on consumer demand and not depend on incentives, he said. __ https://www.bloomberg.com/news/articles/2017-10-02/automakers-plan-electric-car-blitz-even-as-tesla-burns-billions
Government idiocy drives this toxic economic disaster.
We’re gonna need a lot more guillotines! 😉