There is enough nickel and lithium to meet the world’s electric car needs, but Europe’s policymakers must do more to shore up metals
globally in 2023 even without Russian supplies, a new study into the short-term availability of raw materials shows. Transport & Environment , who carried out the study, calls on European governments to do more to shore up access to key metals to ensure its green energy security.
The best way for Europe to punish the Putin regime for its illegal war on Ukraine is to shift to electric vehicles, says T&E. In stark contrast to oil, nickel and lithium — crucial metals for the manufacture of EV batteries — are overwhelmingly mined in democratic countries. Yet, many claim there are not enough raw materials available to switch to electric in the short-term, a problem exacerbated by sanctions on Russian nickel.
However, this does not guarantee Europe’s supply as the world’s leading EV market. Growing electric cars sales in China and the US mean that there is competition for the critical raw materials, with both countries introducing measures to ensure access to key raw materials. European policymakers need to beef up diplomacy with fellow democracies like resource-rich Australia, Indonesia, Canada and Chile, and begin discussions with mining companies, says T&E. The group has called on the EU to create a dedicated authority to ensure security of supply of sustainably sourced critical metals.
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