Electric vehicles face long-term Tier One battery bottleneck

The electric vehicle (EV) industry faces a long term lithium ion battery bottleneck for the highest quality of cells.

New data from Benchmark Mineral Intelligence shows that while forecast demand for lithium ion batteries only begins to exceed capacity in 2029, Tier One cells are going to be in the shortest supply throughout this period, especially as we enter 2021.

The chart below maps forecasted lithium ion battery cell capacity tracked by Benchmark’s Lithium . . .

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