Thus far US BEV adoption has largely been strongest in areas that have higher residential power prices. What if that became a feature, not a bug?
Tesla could still be a contender. But only if its CEO faces a few home truths and reprioritises
The firm is aiming to shift to underground production next month, and maintains everything is on schedule
Benchmark warns that limited supply of key lithium-ion minerals will restrict battery supply chain build-out
London-based battery supply chain analysis firm Benchmark Mineral Intelligence has a stark projection that lithium and nickel manufacturing will be unable to meet demand from battery producers, resulting in a bottlenecking of the industry’s growth.
According to Benchmark’s analysis, demand for lithium-ion batteries is expected to rise from 1TWh in 2023 to 3.7TWh by 2030, with the majority of this growth being “driven by an ever-increasing demand for EVs”. However, in order to achieve this scale, an additional $201bn is required to ramp up battery manufacturing efforts. The expansion of the global lithium industry needs $51bn alone to meet demand.
The firm is aiming to shift to underground production next month, and maintains everything is on schedule
VW has team in place to sell battery arm stake, but operating losses may limit interest
Upstream ventures that could help build new non-China lithium supply chains for EV batteries inch forward
New membranes promise a more environmentally friendly solution for brine
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