Meeting Europe’s Lithium Converter Demand for E-Car and Energy Storage Needs

Europe is really big on e-mobility and renewable energies. So, it shouldn’t come as a surprise that the European battery industry is being strongly promoted and supported by the EU. That being said, the most important point, which decides whether the European e-mobility industry succeeds or fails, is being disregarded and doesn’t receive nearly enough attention.
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Created: 6/24/2021
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Raw materials are essential for the production of batteries, which is why, in September 2020, the European Commission added lithium to its List of Critical Raw Materials. “A secure and sustainable supply of raw materials is a prerequisite for a resilient economy,” according to Maroš Šefčovič, Vice-President for Interinstitutional Relations and Foresight. “For e-car batteries and energy storage alone, Europe will for instance need up to 18 times more lithium by 2030 and up to 60 times more by 2050,” Šefčovič explained.

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