article thumbnail

Rough road for EV industry

Green Car Congress

As the price of EV batteries continues to skyrocket , major automakers ranging from Ford and GM to BMW and Volkswagen are shoring up supply chain strategies. Chile and Bolivia appear to be heading down the same path, placing rigid restrictions on outside access to the countries’ lithium. “The issue [now] is batteries.

article thumbnail

EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

Fortunately, to improve this issue, battery makers are working towards more responsible supply chains , and have the potential for cheaper, more efficient, and more environmentally friendly energy storage in the near future. With 8 million tons, Chile has the world’s largest known lithium reserves, followed by Australia (2.7

article thumbnail

EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

Fortunately, to improve this issue, battery makers are working towards more responsible supply chains , and have the potential for cheaper, more efficient, and more environmentally friendly energy storage in the near future. With 8 million tons, Chile has the world’s largest known lithium reserves, followed by Australia (2.7

article thumbnail

Decoding The Complex Supply Chain In The Electric Vehicle Industry

Get Electric Vehicle

Panasonic batteries are renowned for their energy storage capacity and long cycle life. They supply batteries to various automakers, including Volkswagen, BMW, and Tesla. The majority of lithium reserves are found in countries like Australia, Chile, and Argentina. CATL  CATL (Contemporary Amperex Technology Co.