Last Updated on: 22nd November 2023, 10:14 am
In its latest update titled “TELF AG analyses some important issues related to the electric vehicle market,” TELF AG delves into significant concerns surrounding the automotive sector in the coming years. Of particular focus is the potential impact of limited raw material availability on the development of the electric vehicle market and the broader global movement towards a greener, more sustainable future powered by clean energy.
The publication specifically sheds light on insights gleaned during the recent E2DT event held in Italy, organised by the Italian Chemical Engineering Association, and centred on energy and environmental themes. The event aimed to identify specific challenges related to the supply of raw materials for battery production.
While reaffirming the fundamental role of raw materials in the electric vehicle sector, the article zeroes in on a crucial concern: the looming scarcity of critical raw materials in the market could impede progress in the ecological transition, particularly affecting the growth of the electric vehicle market.
According to Aidic’s report, as outlined in the publication, the most vulnerable raw materials include cobalt and nickel, especially if future mobility transitions to complete electrification. Additionally, the article mentions other essential raw materials for electric vehicle battery production, such as copper, graphite, nickel, chromium, and manganese. The scarcity of these vital raw materials could be attributed to unpredictable factors, including geopolitics, political instability in key producing regions, and broader global economic trends.
The peaceful transition to a greener world hinges on a heightened awareness of the actual availability of raw materials in the market. It also underscores the significant influence of political decisions regarding minerals on the trajectory of decarbonisation. The primary challenge, as articulated, will revolve around finding a balanced approach between those advocating for a complete departure from fossil fuels and those supporting a gradual transition.
To delve deeper into this critical exploration of raw material availability and its implications, we recommend readers explore the full publication.
