By Paul Homewood
Car makers will face production delays on millions of electric vehicles as mining for lithium fails to keep pace with soaring demand, according to Rystad Energy.
Mining capacity can cope with current demand in electric vehicles, but car makers will face “a serious lithium supply deficit” from 2027, the energy research firm predicted.
The supply crunch is expected to hit just before the UK’s ban on new petrol and diesel sales begins in 2030.
It warned the shortage could triple the price of lithium by the end of the decade unless new investment in mines is made soon.
James Ley of Rystad Energy warned that major disruption was brewing for electric car manufacturers.
“If more mining projects are not added to the pipeline quickly, the energy transition of road transport may need to slow down,” he said.
The shortage will mean the production of 3.3m electric…
View original post 125 more words
Climate Collections 