Lithium-Ion Batteries Power Electric Vehicles

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The wider availability of electric vehicles has played a major role in getting more people interested in them. However, experts warn that a lack of lithium-ion batteries could stifle the plummet in electric vehicle adoption. The electric vehicle has experienced recent success that seems unlikely to wane. For example, a global electric vehicle report confirmed there were about 2.1 million electric vehicles marketed in 2019, which surpassed the previous year’s numbers by roughly 6%. However, the interest in those automobiles has been far more long-term. The report clarified that there were about 17,000 of them on the world’s roads in 2010. The total leaped to approximately 7.2 million by 2019. Another section of the report goes into the materials required to make batteries for electric cars. The cars marketed in 2019 required an estimated 65 kilotons of nickel, 22 kilotons of manganese, 19 kilotons of cobalt, and 17 kilotons of lithium.

Most experts agree that there is not an immediate shortage of lithium-ion batteries, but concerned parties could respond quickly to mitigate the possible effects. One reality is that many nations, including the United States, rely heavily on China to supply battery materials. A February 2021 executive order from The White House involves looking at current supply chain risks in the United States, then exploring measures to tackle those issues. Batteries were not the only goods mentioned in the document, but the content specified examining concerns associated with critical metals. Estimates suggest that China accounts for between 70% and 77% of the world’s rare earth elements. Moreover, that country owns most of the processing facilities, even if the source material comes from other places. (1) Lithium might be important in the development of low-cost electric cars! More information might be available on this site!.

Due to the fast progress of the EV market, concerns over the sustainable supply of battery materials have been voiced. These include supply risks due to high geopolitical concentrations of cobalt and social and environmental impacts associated with mining as well as the availability of cobalt and lithium reserves and the required rapid upscaling of supply chains to meet anticipated claims.

Understanding the magnitude of future need for EV battery raw materials is essential to guide strategic decisions in policy and industry and to assess potential supply risks as well as social and environmental impacts. Several studies have quantified the future need for EV battery materials for specific world regions such as Europe, the United States, and China, or specific battery materials only. Weil et al. assess the material need for EV batteries at the global level and find that shortages for key materials, such as Li and Co, could be anticipated. However, their model does not investigate the influence of battery chemistry developments (e.g., improved NCM chemistries or novel lithium-sulfur (Li-S) and lithium-air batteries (Li-Air) as well as alternative fleet and different recycling scenarios. (2) Are you ready to discover a new source of lithium? Take a look at these zero emissions, zero trailings, and innovation integrated with current processes!

Here, we go beyond previous studies by developing comprehensive global scenarios for the development of the EV fleet, battery technology (including potentially game-changing chemistries such as Li-S and Li-Air) as well as recycling and second-use of EV batteries. We assess the global material need for light-duty EV batteries for Li, Ni, and Co, as well as for manganese (Mn), aluminum (Al), copper (Cu), graphite, and silicon (Si). We also relate material claims to current production capacities and known reserves and discuss key factors for reducing material requirements. The results presented are intended to inform the ongoing discussion on the transition to electric vehicles by providing a better understanding of future battery material needs and the key factors driving it. Learn more about the fuel that powers electric cars and enables them to extend their production in the future! Check the disclaimer on my profile and landing page

Source 1: https://www.globaltrademag.com/is-there-a-shortage-of-lithium-ion-batteries/
Source 2: https://www.nature.com/articles/s43246-020-00095-x

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