Share this Story: Mobility study cites roadblocks for U.S. electric vehicles, sustainable aviation [Financial Post (Toronto, Ontario, Canada)]
SVB Financial Group (SIVB)
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Source: Financial Post
SANTA MONICA — Automakers may not be able to build as many electric vehicles as they would like — and consumer demand for those EVs may not materialize as quickly as anticipated — if government and industry do not address and resolve a convergence of issues, a new study released on Tuesday said. Advertisement 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 nick
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