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The Black Forest holds a secret to making electric cars greener

Bloomberg12/15/2021 10:3 AM GMT+08  • 5 min read
The Black Forest holds a secret to making electric cars greener
"We will produce a product locally that’s not only cheaper but also greener than the alternatives"
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In the valley alongside Germany’s Black Forest lies a potential solution to one of the most vexing issues facing Europe’s transition to sustainable transport.

Some two miles underground is enough lithium for at least 1 million electric vehicles a year, and one miner says it can tap those reserves at roughly half the cost of competing sources and without discharging greenhouse gases.

With the critical resource for battery-powered cars usually coming from far-flung regions using methods that scar the landscape, Vulcan Energy Resources Ltd.’s 1.7 billion-euro ($262 billion; US$2 billion) project could be key for Europe’s ambitions to become the world’s first climate-neutral continent.

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