BY SAM HARDY, HUGHES PR
The electric vehicle boom is coming.
According to BloombergNEF, there will be 10 million EVs on the world’s roads by 2025, with 57 per cent of passenger vehicle sales projected to be electric by 2040. This revolution has
been made possible by advances in lithium-ion battery technology, allowing EVs to travel longer on one charge. Parallel to this, we are seeing the emergence of a growing industrial and residential battery-storage market – also powered by lithium-ion technology.
But this energy storage transition has not been painless, particularly for the auto sector, which is keen to promote the ethical and sustainability merits of its emerging EV models. The past two years have brought the sector face to face with the realities of the often challenging production environments of the key input materials to lithium-ion batteries.