As the transition to electric vehicles accelerates, there might be a battery shortage as early as 2025, said Stellantis CEO.
Stellantis Chief Executive, Carlos Tavares, has warned about a future battery shortage as early as 2025 due to the increased adoption of electric vehicles. This will potentially risk automakers’ EV commitments.
“I can anticipate that we will have around 2025, 2026, a short supply of batteries, and if there is no short supply of batteries, then there will be a significant dependence of the western world vis-a-vis Asia,” Tavares said on Tuesday, speaking at The FT Future of the Car 2022 conference “That’s something that we can easily anticipate.” –according to The Guardian.
“The speed at which everybody is building manufacturing capacity for batteries is possibly on edge to be able to support the fast-changing markets in which we are operating.”
According to Tavares, battery supply could be the next bottleneck facing the EV industry as automakers move to accelerate the production of electric vehicles. Stellantis, similarly, is aiming to sell only battery EVs in Europe by 2030.
This isn’t the first time that Tavares has warned about potential problems in the transition away from polluting fossil fuel vehicles. Last year he said the UK government had risked the future of Vauxhall’s factory in Ellesmere Port with a “brutal” ban on sales of pure internal combustion engines after 2030.
Tavares also asserted that electric production could create “geopolitical risks” because of the reliance on minerals mined in countries that are seen as strategic rivals.
