2025..10 May 2022 20:08
No personal view, but reiteration of global consensus
There could be a shortage of electric vehicle batteries as soon as 2025, according to the chief executive of Stellantis.
Speaking at a car industry conference, Carlos Tavares, CEO of one of the largest car makers, said “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.”
He believes production may not match demand, despite investments in gigafactories, notably by Tesla and Elon Musk, across the globe.