With global EV sales approaching 14 million cars in 2023 with a year-on-year growth rate of 35% it is clear that EVs are gaining acceptance rapidly.
Mark Mistry and Marco Vallini argue that for the EU Critical Raw Materials Act to fulfil its promise to address the energy transition, industry needs planning security for both ‘critical’ and ‘strategic’ raw materials.
The sudden failure of a building or bridge is mercifully a rare event, thanks largely to international or national standards: structures are designed in accordance with a design standard, using products conforming to a product standard and manufactured using techniques and to a quality level defined in a construction standard.
In 2021, China recorded the strongest growth in the EV market with around 3.2 million EVs sold. This was an increase of 2 million EV units compared to 2020 which was more than the combined increase of all other regions taken together.
The proposed Regulation will introduce a wide range of sustainability requirements and promote the recycling of key battery raw materials like nickel. EU legislative work is entering a crucial phase.