The statistics show that the majority of automakers have moved their attention to BEVs. This shift happened after they considered the lithium ion battery vs the hydrogen fuel cell debate.
Battery-powered electric vehicles (BEVs), which debuted with the Nissan Leaf (2010) and Tesla Model S (2012), are indeed the central focus of the automotive industry.
The velocity at which this structural change is occurring is astounding; in China, 3 million BEVs were sold in 2021, up from 1 million the year before. By 2024, the number of models on sale in the United States is anticipated to double.
However, the International Energy Agency asserts that the auto industry will need 30 times more minerals annually to satisfy global climate commitments. Many are concerned that this would strain the supply.
“The data shows a looming mismatch between the world’s strengthened climate ambitions and the availability of critical minerals.”– FATIH BIROL, IEA
Fortunately, there are other ways...