Federal guidance on critical battery minerals signals change for EV production

New Federal Guidance on Critical Minerals Signals Changes for EVs

Cobalt, graphite, lithium, manganese, nickel, and rare earths — familiar names that are critical to the production of electric vehicles (EVs). As the market transitions to meet the growing demand for renewable energy technologies, there is a parallel movement to produce and secure the materials needed to meet this influx. However, meeting this demand isn’t very straightforward.

A typical EV requires six times the amount of minerals as an internal combustion engine vehicle. If the world were to meet net-zero goals by 2050, the mineral demand for use in EVs and battery storage would need to grow at least 30 times by 2040.

Read the full article from ACT News.

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