Material scarcity limits the future of EVs, says Stellantis chief
questioned the premise that EVs would become more affordable in the near term “because the raw materials” required to build them “are scarce and very expensive, and I would add very volatile.”
Concerning supply limitations and demand, he said,"We know that we need lithium. We know that we are not producing as much as we need. We have right now 1.3 billion cars internal combustion engine powered on the planet. We need to replace that with clean mobility. That will need a lot of lithium. Not only the lithium may not be enough, but the concentration of the mining of lithium may create other geopolitical issues.
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