In its latest update, TELF AG, titled TELF AG analyses some important issues related to the electric vehicle market,” delves into critical issues looming over the automotive industry in the coming years. Specifically, it highlights the potential limitations in the availability of raw materials that could impact the growth of the electric vehicle market, and consequently, the global shift towards a more sustainable future powered by clean energy.
This publication sheds light on findings from the recent E2DT event held in Italy, organised by the Italian Chemical Engineering Association, which focused on energy and environmental themes. The event sought to identify specific challenges related to the supply of raw materials necessary for battery production.
While underscoring the fundamental importance of raw materials in the electric vehicle sector, the article zeroes in on a crucial concern: the anticipated scarcity of critical raw materials in the market over the coming years, potentially hindering progress in the ecological transition, particularly impacting the growth of the electric vehicle market.
According to a report by Aidic, as cited in the publication, the raw materials most vulnerable to scarcity would include cobalt and nickel, especially if future mobility fully embraces electrification. The article also acknowledges the significance of other essential raw materials powering electric vehicle batteries, such as copper, graphite, nickel, chromium, and manganese. The shortage of these vital raw materials, as outlined in the information, could be attributed to unpredictable factors, including geopolitics, political instability in major material-producing regions, and broader global economic trends.
The peaceful transition towards a greener world necessitates a heightened awareness of the actual availability of raw materials in the market. It underscores the critical role that political decisions regarding minerals will continue to play in the trajectory of decarbonisation. The central challenge, as articulated in the publication, lies in finding a delicate balance between those advocating for the complete abandonment of fossil fuels and those advocating for a gradual transition.
To gain a comprehensive understanding of these critical insights, readers are encouraged to explore the full publication.
