Albemarle

Lithium Supply Fears Loom Over Electric Vehicle Happy Talk — Or Not, As The Case…

Spring has sprung, which means it’s time for another round of guess how much lithium automakers will need to make enough lithium-ion batteries for the electric vehicle of the future, of which there are expected to be many millions on the road within the next ten years or so. Spoiler alert: we’re going to need a lot more lithium mines than we have right now. Or, maybe not.

China EV Forecast: 50% EV Market Share by 2025 — Part 3, Ramping Production

China is charging full speed ahead into electric vehicles, on track to sell over 2 million electric vehicles this year, from 1.1 million in 2018. The rapid growth has been driven partly by policy, but increasingly by consumer demand. In the 3rd and final part of this series (check out part one and part two, if you missed them), we look at the ramp up in EV production and battery supply. Will production capacity be able to keep pace with the rapid growth in EV demand?