On a bi-weekly basis, Center for Automotive Research (CAR) welcomes our audience to decompress with our President and CEO, Alan Amici, as he covers and shares his thoughts on the latest Hot Topics happening in the automotive industry. While the biweekly newsletter primarily covers three topics, this feature story previews one of the topics covered on September 21, 2022. If you would like access to the full newsletter for better insights into critical industry issues you and your organization are facing, sign up for our mailing list here.
HOT TOPICS WITH CENTER FOR AUTOMOTIVE RESEARCH CEO 9/21/2022
- Lithium Smashes New Record as Supply Struggles to Feed EV Growth
- ‘We don’t have enough’ lithium globally to meet EV targets, mining CEO says
- Tesla considering lithium refinery in Texas, seeks tax relief
- Ford, LG Energy supplier using lithium extraction with ‘minimal environmental impact’ to produce EV battery metals
- Snow Lake To Supply Enough Lithium For 5 Million Electric Car Batteries Over 10 Years
The transition from ICE to EV propulsion has many challenges to overcome for consumer acceptance. Charging station availability, battery costs, and range anxiety will require a combination of education and infrastructure investment to increase consumer confidence in EVs. But another issue lurking in the EV supply chain is the availability of materials such as lithium to satisfy the global demand for battery construction. OEMs are forging partnerships with battery suppliers and, in some cases, investing directly in raw material mining in an effort to secure supply. The US government will have an essential role in expediting mining permits if we are to obtain raw materials from US sources. Further, future battery designs must take into account material availability as we develop new technologies.
For additional content on the transition from ICE to BEV, CAR recently published a Whitepaper with Hitachi America, “From Internal Combustion to Battery Electric Vehicles: Enabling Digital Manufacturing.” I welcome Hot Topic readers to view the whitepaper HERE>>>.
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