The 2022 Hummer EV Pickup will use GM’s huge Ultium battery pack to power up to three electric motors.Photo: General MotorsMajor carmakers seem to agree that EVs are the next step for the industry, but a lack of raw materials is going to be the next hurdle the industry must overcome.
Demand for raw materials and the metals used to make EV batteries such as graphite, lithium, cobalt and nickel is already outpacing supply. According to Benchmark analysts, unless 384 new mines are up and running in the next ten years, the EV transition will be indefinitely transitional as carmakers struggle to source battery metals.The Ultium battery has 24-modules but uses less cobalt than previous EVs for an estimated range of 329 miles. Image: General MotorsIf carmakers and state governments want to reach a zero-emissions future no later than 2035, the world will have to open at least 74 lithium…
Making Batteries For New EVs Will Require Over 300 New Mines
