Report warns of supply chain tensions threatening EV boom, pushes for battery circularity
"This is our window of opportunity to turn mineral risk into a competitive advantage."
The supply chain for electric vehicle (EV) batteries is facing systemic risks that could threaten the deployment of electric transportation worldwide – but shifting from a linear to a more circular production model could increase resilience.
According to a new report by the Ellen MacArthur Foundation (EMF), the major supply shortfalls expected for critical minerals such as lithium and copper by 2030 could lead to a potential price increase of 40% to 50% for EV buyers.
