Rivian CEO believes battery supply chain will be the next disaster
Scaringe believes the compacted timeline for switching millions of personal vehicle sales from ICE to battery-electric is going to expose the lack of preparedness along the entire battery supply chain, from mining to producing the final packs. Right now, “90% to 95% of the supply chain does not exist” to furnish the targets governments and OEMs have set for a decade from now. In the U.S. last year, 5% of overall vehicle sales were hybrids, 3% were EVs, both record numbers. To reach those percentages, lithium-ion battery demand has risen an average of 37% every year since 2015, the Journal saying this year will see a 50% jump
