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SURPRISE: Best Commodity Play in the Transition to Electric Vehicles Is NOT Lithium A few years ago, there were fewer than one million electric vehicles in the U.S. By 2030, over 27 million EVs are expected to be in operation – and EV purchases could make up to 30% of all vehicle sales. Each electric car battery requires up to 220 pounds of graphite – more than lithium, copper, or aluminum. Unfortunately, China has controlled more than 90% of this vital ingredient for decades. But now, the United States just classified graphite as "essential for America's National Defense"... and one little-known company is looking to win big in the U.S. vs.China energy wars.
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