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Electric Battery Material Price Soars 761% As Biden Urges Americans To Buy Electric Cars And ‘Save’ $80/mo

The price of Lithium, an essential component for electric car batteries, has skyrocketed to the tune of 761%

The price for a crucial metal used in batteries for electric vehicles has increased by over 750% since January of 2021, even as Democrats urge Americans to save money on gas by taking out loans for electric cars.

As gas prices continue to rise in the United States, with conservatives blaming Joe Biden and the Democrats’ green energy agenda and the Democrats blaming Vladimir Putin, the President is claiming that buying an expensive and impractical electric vehicle will “save” struggling drivers $80 per month.

“Clean energy made in America helps safeguard our national security, tackle climate change, and support millions of good-paying jobs for generations to come. But the most important thing my plan will do right away is save your family money,” Biden tweeted Thursday afternoon.

“If you take advantage of the next generation of electric vehicles, the typical driver will save about $80 a month in perpetuity from never having to pay at the gas pump again,” he said.

Aside from the average cost of electric vehicles being over $55,000, the price of Lithium, an essential component necessary for electric car battery production, has skyrocketed to the tune of 761% under his leadership.

Thus, electric vehicles, who many Americans already cannot afford, are being made even more expensive.

Lithium Prices Up 761% – SOURCE: Confounded Interest

In addition, the prices for Lithium hydroxide futures have also dramatically increased. Some have pointed to Biden’s signing of the Defense Production Act as the reason for the massive Lithium price hikes.

SOURCE: Confounded Interest

By signing the DPA, which Biden claimed would “secure American supply chains for the critical materials that go into batteries for electric vehicles and storage of renewable energy,” the demand for lithium increased.

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Combined with other nations across the world ramping up efforts to transition from  traditional combustion engine cars to electric vehicles, the prices of lithium increased further.

Biden insists that America “reduce our dependence on oil altogether” and “choose long-term energy security over energy and climate vulnerability” by speeding “the transition to a clean energy future.”

While America struggles, Biden and his administration have blamed increasing fuel costs on Russian President Vladimir Putin for despite evidence indicating otherwise.

Meanwhile, analysts are predicting that Russia is about to see its largest profits from selling oil and gas in their nation’s history, even as the Russian ruble continues to regain value despite U.S. sanctions, Valiant News reported Friday. 

Translated from German, analyst Janis Kluge predicts that ““The gas price on the spot markets has quintupled within the past year. That means Gazprom,” a Russian majority state-owned energy company, “will have record revenues” despite the sanctions, which Kluge says may be backfiring.

“Russia planned the national budget with a dollar-ruble exchange rate of 72, but now the ruble is around 85, much weaker, but with a view to energy exports this is an advantage.” Kluge explained, “If we multiply the oil price by the ruble exchange rate, it shows that Moscow expected revenues of around 4,500 rubles per barrel of oil, but is getting much more, around 7,000 rubles.”

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Written By

Andrew White is a Northern Virginia native. His work has been previously featured on Alex Jones’ Infowars, Revolver News, and The Liberty Daily. White is a constitutionalist Patriot, who focuses on social issues, election integrity, globalism, US politics, as well as general corporate and government corruption.

8 Comments

8 Comments

  1. Avatar

    Richard Minnich

    April 2, 2022 at 3:54 pm

    Something that no one seems to mention about the ‘savings’ from EVs: They are currently not paying the road taxes that built in to the price of auto gas and diesel fuel. But that can’t last. Soon the government will start charging a ‘mileage’ tax, and even this ephemeral savings that Biden brags about, will [email protected]

  2. Avatar

    LadyChurchill

    April 2, 2022 at 6:43 pm

    And the battery will only last about 10 yrs and cost 30K to replace take that one in and calculate your so called savings.

    • Avatar

      Nabi

      April 3, 2022 at 7:32 pm

      Right. The battery has to be considered as fuel and that changes the whole equation, both cost-wise and pollution-wise. Politicians never do the math on anything. Easy targets for hoaxters–mainly because it’s not their money they’re wasting.

  3. Avatar

    Red Dog

    April 3, 2022 at 9:32 am

    Next Question? How much did Paul Pelosi make off buying Lithium stocks since FJoeBrandon took office & signed his Executive Order to replace the gubernment fleet of gas-guzzlers to electric cars? Can you say ‘Insider Trading’? Something Martha Stewart went to prison for, but Congress wrote themselves an exemption on Insider Trading Laws….suck on your cake you little people, while the rich elite rule over you.

  4. Avatar

    L Garou

    April 3, 2022 at 9:38 am

    If they put Uncle Joe’s brain in one bird it would fly backwards.

  5. Avatar

    James Linsley

    April 3, 2022 at 9:55 am

    If the Democrats got everything they want in the green new deal the GRID would collapse! We have brown outs now!When it rains your solar power is only 17% efficient ( I have solar ). When the wind doesn’t blow you create no electricity! This only leaves fairy dust to count on. Good luck with that lib’s.

  6. Avatar

    Abiotic Oil

    April 3, 2022 at 6:37 pm

    Is his presidential limo an EV? Or is his C2 Corvette an EV? Classis ‘Do as I say to do, not as I do”!

  7. Avatar

    William J Stephens

    April 3, 2022 at 10:04 pm

    I read most of the comments already posted and they are spot on. If a person were to “save” $80 per month on fuel costs, that person would spend far more on loan interest for the EV purchased. Electric rates will rapidly rise as more people switch to EVs. The electric companies will have to make enormous investments in new generating facilities, regardless of that being coal, diesel, wind, solar, hydro, nuclear, or whatever. As already pointed out, the revenue lost from federal and state fuel taxes will have to be made up somewhere else. It goes on and on. The electric charging infrastructure alone will take a long time to catch up. It is not as simple as Brandon makes it out to be.

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