The CEO of the world’s fourth-largest carmaker sees a shortage of electric vehicle batteries and raw materials by 2024-2025, as carmakers shift to EVs to meet projected increases in consumer demand and government regulations. According to Stellantis CEO Carlos Tavares, “The speed at which we are trying to move all together for the right reason, which is fixing the global warming issue, is so high that the supply chain and the production capacities have no time to adjust.” The possibility of shortages has been on the minds of Wall Street analysts as they rated automakers and predicted their ...
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A Severe EV Battery Shortage Could Happen in Less Than 3 Years