Meeting global EV targets will be ‘extremely challenging’ owing to raw material shortages

Chemicals company BASF global precious metal services senior VP Timothy Ingle told delegates attending the Platinum Group Metals Day, in Johannesburg, earlier this week, that it would be extremely challenging from a raw material perspective to meet the expected global uptake of ten-million electric vehicles (EVs) this year and the goal of reaching 40-million EVs on the road by 2030. Ingle pointed to challenges faced globally with securing base metal supply and, in particular, lithium and class one nickel.