Many free-minded people question whether electrification merely replaces one dependency with another. This discussion addresses the critical concern: are we simply trading reliance on oil producers for dependence on battery producers? Explore how the rapid evolution of battery technology offers a dynamic solution.
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Transcript
I want to talk a little bit more about batteries, you know, being the new strategic resource. Many free-minded people worry that electrification simply replaces one dependency with another. Are we trading dependence on oil producers for dependence on battery producers ultimately? Excellent. Really great question, Todd. Um, I would say that, uh, oil, you know, obviously is, is a natural resource that, um, that we have to, we have to keep an eye on. I know that we feel like we have endless amounts. Um, batteries, the technology inside the battery, as we were just talking about, is changing to have different chemistries all the time. So, we may have lithium-ion batteries for another, you know, three, four, five, 10 decades, as well as lithium-ion phosphate, as well as this next chemistry and this next chemistry. So really, um, those technology differences are, are vast and wide, things we don't even know about yet. So I believe that, um, the way we charge the battery is, um, is going to change, right? We've got it from different sources, whether it's, uh, all our equipment charges off of 110, uh, so even our largest equipment can be charged off of ...