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Carmakers have secured less than one-fifth of key battery metals, T&E report finds
(Transport and Environment, 5 Dec 2023) Tesla tops ranking of car manufacturers in the battery supply chain race but trails EU carmakers on responsible sourcing of minerals.
Carmakers in the European market have secured less than a fifth (16%) of the key battery metals they will need until 2030, according to analysis of publicly disclosed contracts. Only Tesla and BYD are doing enough to guarantee supplies of cobalt, lithium and nickel to meet their 2030 sales goals, while most European manufacturers – with the exception of Volkswagen and Stellantis – are far behind. The analysis is part of a ranking by Transport & Environment (T&E) of manufacturers in the battery supply chain based on raw materials secured, cell production, and responsible practices.
Tesla leads the overall ranking on the strength of its raw material and cell production strategies – though it trails several competitors on responsible practices. Volkswagen performs relatively well in all three categories to finish second, just ahead of BYD which tops the raw materials score but falls down on responsible practices because it provides no information about sustainable sourcing.
Transport and Environment, 5 Dec 2023: Carmakers have secured less than one-fifth of key battery metals, T&E report finds
