Enough #Nickel, #Lithium for 14 mln EVs in 2023 without Russian Nickel- #European climate group
May 3 (Reuters) – Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, so Europe should secure more raw materials to shift away from oil faster, campaign group Transport and Environment (T&E) said on Tuesday.
In a study based on BloombergNEF data on global maximum volumes of EV battery-grade nickel and lithium, T&E said that in 2025 there would be enough to make 21 million EVs globally.
Excluding Russian nickel, T&E said there should be sufficient raw materials for 19 million EVs in 2025.
Global EV sales more than doubled to 4.2 million vehicles in 2021 from just over 2 million in 2020.
Automotive consultancy LMC has forecast global EV sales will hit 9 million in 2023 and 14.2 million in 2025.