Posted on Tuesday, September 8th 2009, 4:00 pm by Asian Chris

Well this was a shock, but not too surprising. Unfortunately hybrid vehicles require a few rare Earth metals, and with more and more hybrids coming out, these rare Earth metals are going to be very scarce. And if you remember your economics, that means the price of these metals are gong to go up (got to hate laws of supply and demand).

Even if the world can dig up more of these metals, it still may not be enough in the long run. This is because these metals are also used in wind turbines.

Wind Turbines is a big deal as well since we’re trying to be more “GREEN” when it comes to energy production.

So what’s going to happen? Well if the prices of these materials go up, expect the cost of hybrids to go up as well.

More info at Reuters

Via: Reuters

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