Electric vehicle boom could hit major roadblock in just 5 years, study claims

News Snapshot:

The electric vehicle (EV) revolution may be heading for a supply-chain snag, according to a new study published in Cell Reports Sustainability. Rapidly rising demand for lithium – the critical ingredient in EV batteries – could outstrip domestic supply in major markets by the end of the decade. The analysis focused on China, the US and Europe, which together account for 80 per cent of today’s EV sales. Researchers warn that without major changes, these regions will be unable to meet their lithium needs from local sources by 2030 – increasing their reliance on imports and heightening the risk of...