Mobility study cites roadblocks for U.S. electric vehicles, sustainable aviation [Reuters]
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Source: Reuters
Among those roadblocks, a looming shortage of battery raw materials could put government mandates “in conflict with manufacturing reality” — one of the macro trends charted in the 2023 Moving World Report, published by investment firm UP.Partners. Obstacles to the acceleration of EV production and demand in the United States include ongoing turmoil in global supply chains, insufficient vehicle charging infrastructure and an overloaded electrical grid, the 120-page report said. The report notes that EV battery demand is expected to increase tenfold or more by 2030, but that a “massive dislocation” between demand and supply of key materials such as lithium, cobalt and nickel is likely to increase the cost of EVs to consumers — a stark finding as a global price war, ignited by leader Tesla (TSLA.O) , escalates. The study is based on dozens of interviews and cites technical and financial data from research studies by the International Energy Agency, the U.S. Energy Information Admi
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