Enough raw metals to make 14 million electric cars globally in 2023 – study

(Transport and Environment, 3 May 2022) There is enough nickel and lithium to meet the world’s electric car needs, but Europe’s policymakers must do more to shore up supplies of sustainably sourced clean-energy metals.

There is enough lithium and nickel available to produce 14 million electric cars globally in 2023 even without Russian supplies, a new study into the short-term availability of raw materials shows. Transport & Environment (T&E), who carried out the study, calls on European governments to do more to shore up access to key metals to ensure its green energy security.

Julia Poliscanova, senior director at T&E, said: “War in Ukraine has shown that we must wean ourselves off oil. The best way to do this is to go electric. Despite what people say, there is no shortage of lithium or nickel in Earth’s crust. It is only a shortage of political will that leaves Europe vulnerable to supply squeezes.”

The best way for Europe to punish the Putin regime for its illegal war on Ukraine is to shift to electric vehicles, says T&E. In stark contrast to oil, nickel and lithium – crucial metals for the manufacture of EV batteries – are overwhelmingly mined in democratic countries. Yet, many claim there are not enough raw materials available to switch to electric in the short-term, a problem exacerbated by sanctions on Russian nickel.

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Transport and Environment, 3 May 2022: Enough raw metals to make 14 million electric cars globally in 2023 – study