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

The Economist LogoThe Economist1 mo ago

Could the EV boom run out of juice before it gets started? - The Economist

Quick Summary:

It is, though, looking increasingly as though the activity is not quite frenzied enough, especially for the Western car companies that are desperate to reduce their dependence on China’s world-leading battery industry amid geopolitical tensions.

And it remains possible that enough discoveries of new deposits, more efficient mining technology, improved battery chemistry and sacrifices on performance all combine to bring the market into balance.

Some of those batteries will be manufactured locally: catl’s first investment in Europe, a battery factory in Germany, is set to begin operations at the end of the year.

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Article Details

Category: EconomyFinance

Topics: Supply China Battery Capacity European Mining Lithium Carmakers Batteries Industry 2030

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-14, 12:47:36

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 12 minutes read

Article Length: 2026 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 137035

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About The Economist

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Year Established: 1843

Headquarters: United States

News Last Updated: 18h ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #36

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