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What Americans Actually Think About Energy and the Climate

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What Americans Actually Think About Energy and the Climate

What Americans Actually Think About Energy and the Climate

There is a wealth of information to be explored in the modern era, and there’s no shortage of new ideas or contrary viewpoints to be discovered. With all of this information right at our fingertips, it is assumed that many people are becoming more open-minded to new perspectives.

However, in actuality, the converse is true: modern media creates an echo chamber.

Facebook and Google both create information vaccuums: by taking your past activities in account, they will display “news” that is geared to provide confirmation bias. In other words, you will see posts in your newsfeed and search results that tend to confirm your pre-existing beliefs, rather than challenge them.

One way to challenge this?

Instead of just assuming what other people believe, it’s worth it to actively search for data that provides a broad and unbiased perspective. Then, interpret and internalize the data, and you’ll have a much more representative idea of what people think.

What Americans Actually Think About Energy

In today’s infographic, which uses data from a survey by the AP-NORC and the Energy Policy Institute, we get a summary of opinions on energy and climate change from a nationally representative sample of 1,096 Americans.

An analysis of the survey data helps us understand what Americans actually think, rather than what we assume they may think.

Here are some of the most interesting tidbits:

  • 65% of Americans think that climate change is a problem that the U.S. government should address, and 10% of Americans believe climate change is not happening.
  • 42% of Americans aren’t willing to pay even just $1 per month to combat climate change.
  • Americans largely underestimate fracking’s role in providing for the energy mix. Only 1 in 5 Americans correctly say that it produces two-thirds of U.S. natural gas.
  • Most Americans don’t hold strong opinions on fracking – but for those that do, people that oppose fracking outnumber those in favor of fracking by a 2:1 ratio.
  • Only a quarter of Americans think the U.S. government will fulfill its obligations to reduce greenhouse gas emissions.
  • 54% of Americans favor federal regulation to decrease coal consumption, but that number drops to 45% if jobs will be lost.

It’s always interesting to get an in-depth and representative perspective of what people believe, rather than making false assumptions based on what can be seen on social feeds, news sites, or search results.

Did any of the numbers from the survey surprise you?

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Energy

Charted: 4 Reasons Why Lithium Could Be the Next Gold Rush

Visual Capitalist has partnered with EnergyX to show why drops in prices and growing demand may make now the right time to invest in lithium.

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The teaser image shows a bubble chart showing that the price of a Tesla is similar to that of other major auto manufacturers.

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The following content is sponsored by EnergyX

4 Reasons Why You Should Invest in Lithium

Lithium’s importance in powering EVs makes it a linchpin of the clean energy transition and one of the world’s most precious minerals.

In this graphic, Visual Capitalist partnered with EnergyX to explore why now may be the time to invest in lithium.

1. Lithium Prices Have Dropped

One of the most critical aspects of evaluating an investment is ensuring that the asset’s value is higher than its price would indicate. Lithium is integral to powering EVs, and, prices have fallen fast over the last year:

DateLiOH·H₂O*Li₂CO₃**
Feb 2023$76$71
March 2023$71$61
Apr 2023$43$33
May 2023$43$33
June 2023$47$45
July 2023$44$40
Aug 2023$35$35
Sept 2023$28$27
Oct 2023$24$23
Nov 2023$21$21
Dec 2023$17$16
Jan 2024$14$15
Feb 2024$13$14

Note: Monthly spot prices were taken as close to the 14th of each month as possible.
*Lithium hydroxide monohydrate MB-LI-0033
**Lithium carbonate MB-LI-0029

2. Lithium-Ion Battery Prices Are Also Falling

The drop in lithium prices is just one reason to invest in the metal. Increasing economies of scale, coupled with low commodity prices, have caused the cost of lithium-ion batteries to drop significantly as well.

In fact, BNEF reports that between 2013 and 2023, the price of a Li-ion battery dropped by 82%.

YearPrice per KWh
2023$139
2022$161
2021$150
2020$160
2019$183
2018$211
2017$258
2016$345
2015$448
2014$692
2013$780

3. EV Adoption is Sustainable

One of the best reasons to invest in lithium is that EVs, one of the main drivers behind the demand for lithium, have reached a price point similar to that of traditional vehicle.

According to the Kelly Blue Book, Tesla’s average transaction price dropped by 25% between 2022 and 2023, bringing it in line with many other major manufacturers and showing that EVs are a realistic transport option from a consumer price perspective. 

ManufacturerSeptember 2022September 2023
BMW$69,000$72,000
Ford$54,000$56,000
Volkswagon$54,000$56,000
General Motors$52,000$53,000
Tesla$68,000$51,000

4. Electricity Demand in Transport is Growing

As EVs become an accessible transport option, there’s an investment opportunity in lithium. But possibly the best reason to invest in lithium is that the IEA reports global demand for the electricity in transport could grow dramatically by 2030:

Transport Type202220252030
Buses 🚌23,000 GWh50,000 GWh130,000 GWh
Cars 🚙65,000 GWh200,000 GWh570,000 GWh
Trucks 🛻4,000 GWh15,000 GWh94,000 GWh
Vans 🚐6,000 GWh16,000 GWh72,000 GWh

The Lithium Investment Opportunity

Lithium presents a potentially classic investment opportunity. Lithium and battery prices have dropped significantly, and recently, EVs have reached a price point similar to other vehicles. By 2030, the demand for clean energy, especially in transport, will grow dramatically. 

With prices dropping and demand skyrocketing, now is the time to invest in lithium.

EnergyX is poised to exploit lithium demand with cutting-edge lithium extraction technology capable of extracting 300% more lithium than current processes.

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