Major Research and Advancements in Lithium Batteries/Tesla and Panasonic Plan Gigafactory

There remain many obstacles to all-electric vehicles: a shortage of battery charging stations available to the driving public, battery cost and driving range. Another challenge is the increasing demand for lithium, which is a major component of these batteries. Cobalt, nickel and manganese are also used in lithium-ion batteries. There is concern as to whether miners can keep up with demand. Mining of these metals often creates significant environmental problems. Some are produced largely in nations with terrible records of labor abuse and environmental disdain. Meanwhile, governments and auto industry leaders in many nations are concerned about China’s dominance in the EV battery supply chain.

For EVs to gain high market share, there are several logistical challenges. EVs in massive numbers would not only require vastly higher numbers of charging stations but could also require a very significant increase in the generation and distribution of electricity required to keep millions of EVs charged.

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Major Research and Advancements in Lithium Batteries/Tesla and Panasonic Plan Gigafactory, Business and Industry Trends Analysis

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