News Snapshot:
Due to lithium shortages, the ‘dramatic rate’ of electric vehicle adoption may decrease. According to experts, electric car batteries may be in short supply in the next years due to a lithium scarcity. This may have a significant impact on the UK government’s efforts to electrify the country. The government has previously stated that new petrol and diesel vehicle sales will be prohibited by 2030, with new hybrid vehicle sales prohibited by 2035. However, these goals are strongly contingent on the electric vehicle industry’s growth and the necessary infrastructure. Lithium consumption could triple to one million tonnes per year by...
