With the UK already focused on transforming our road vehicle population to electric vehicles, we are beginning to also see that such a revolution in the way energy is consumed by drivers will not be easy to achieve. It is a great idea in principle, but the logistical effort to build the batteries required is a huge undertaking for the automotive industry.
There is no doubt that sales of electric vehicles (EVs) are accelerating globally and that vehicle manufacturers are investing heavily in regional supply chains and gigafactory networks to make this ambition a reality. But the demand for vehicles is rising faster than pre-pandemic forecasts predicted, and this is already creating bottlenecks in the supply chain.
The US Department of Energy has also woken up to the need for the construction of efficient supply chains: there is an acute awareness of a dependence on Chinese production, with the US forecast to supply less than half the projected demand for lithium-ion batteries for electric vehicles on its roads by 2028.
Part of this boils down to a lack of national strategy, but also shortage of the requisite raw materials. There is now increased focus on whether some of these battery materials can be efficiently recycled. Scrutiny is being applied to the environmental footprint of the battery manufacturing process.
The lithium-ion battery supply chain is still too clumsy and too environmentally unfriendly, and governments are aware that this needs to change. There are many...
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