Why building batteries in Europe is “a little bit like managing Formula One.” We speak to Northvolt CEO Peter Carlsson on this week’s “Money Talks”
for a ban on sales of petrol and diesel cars by 2035. Japan and others are also aiming for a ban by 2035. But government efforts to encourage consumers to switch to buying electric cars could run into the reality that there isn’t yet enough capacity to manufacture the batteries necessary to power all those cars.EV boom could go bust
before it gets going. They’re joined by our industry editor Simon Wright who lays out the challenges battery manufacturers face in getting raw materials. Then, Peter Carlsson, the chief executive of European battery manufacturer Northvolt, outlines the challenges his firm faced in building a gigafactory in Sweden. Finally, Ford’s vice-president of sustainability Bob Holycross explains why the carmaker sees the switch to EVs as a refounding of the company.
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