Supply chain challenges signal a bumpy road ahead for electric vehicle adoption
With net zero ambitions now at the forefront of many governments’ political agendas, electric vehicle sales are breaking new records. Soaring demand for EVs is driving the growing market for related critical minerals, and supply chains are rapidly expanding – but for now, China remains in the lead for battery manufacturing
Could supply chain issues slow down the pace of EV adoption?
Decarbonising the transportation sector is key for reducing greenhouse gas emissions – and with the global light-duty vehicles fleet of almost 1.29 billion cars reflecting the largest fraction of transport emissions, moving progress along has become more crucial than ever.
The EU aims to phase out almost all combustion engine-driven car sales by 2035, while over in the US, plans are already in motion for half of all sales to be electric by the end of this decade. With a growing coalition of countries now pledging to reach net zero by 2050, we take a look at the current state of global supply chains and the ways in which they could hinder progress moving forward.
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