As electric vehicles (EVs) trend from being niche to mass scale and the lines between EVs and their combustion engine (ICE) counterparts get blurred in terms of usability, consumers, automakers, governments and fire departments continue to have some apprehensions.
The present-day principal driver in the Li-ion industry is the large batteries required for electric vehicles. Due to the size of these batteries and the relative growth of electric vehicles it is predicted that the total Li-ion energy capacity will exceed one tera watt-hour by 2030. This anticipation for a dramatically rapidly expanding industry has stakeholders all along the value chain very motivated to be ready.
The short answer is: yes, nickel can be a sustainable material throughout the entire value chain, from mining, manufacturing, to use and end of life – if all actors throughout the value chain step up and take their responsibility. Now let's look at the longer answer...
The last three months have been unprecedented. But amidst the chaos and despite the drop in global GDP, there has still been a considerable amount of activity in the electric vehicle (EV) and battery world.
European nickel producers need a consistent regulatory framework. There must be coherence between different EU policy objectives with rules based on principles of sound science, risk-based approaches, full life-cycle thinking and impact assessments.
The electric vehicle market is expected to be by far the largest and most dominant market for lithium-ion (Li-ion) batteries. Despite the strong desire to increase EV sales by all involved in the value chain, proliferation has been curbed due to the high cost to the consumer and the perceived disadvantages of owning an EV. Range anxiety, a lack of charging stations and fire safety worries, are among the top concerns.
Should we be worried about there being enough nickel to supply the transition to electric vehicles and cleaner energy sources? Given its wide range of uses in important existing and emerging technologies, this is a frequently asked question.