Could the EV boom run out of juice before it gets going?

Could the EV boom run out of juice before it gets going?
Prices of battery metals have spiked (Image: Getty)
The Economist
Electric vehicles (EVs) appear unstoppable. Carmakers are outpledging themselves in terms of production goals. Industry analysts are struggling to keep up. Battery-powered cars may zoom from 10% of global vehicle sales in 2021 to 40% by 2030, according to BloombergNEF. Depending on whom you ask, that could translate to between 25 million and 40m EVs a year. They, and the tens of millions manufactured between now and then, will need plenty of batteries. Research firm Bernstein reckons that demand from EVs will grow six-fold by 2030 (see chart 1)...

More Cars

KGM Torres EVX review: space face
The Life

KGM Torres EVX review: space face

The real strength of this SUV is its roominess and practicality.

David Linklater 19 May 2024
Hyundai could introduce subscription-based car features
The Life

Hyundai could introduce subscription-based car features

The new initiative marks a strategic shift towards software-defined vehicles.

Jet Sanchez 12 May 2024
Toyota, Tata Motors positioned to benefit from hybrid auto boom
Markets

Toyota, Tata Motors positioned to benefit from hybrid auto boom

Japanese carmakers saw higher North American sales.

Bloomberg 07 May 2024
EV sales plummet after 'ute tax' axed
Policy

EV sales plummet after 'ute tax' axed

Economic conditions are also impacting new car sales, MIA says.

John Anthony 06 May 2024