In recent years, there has been an electric vehicle revolution in the automotive industry. In this period, when internal combustion vehicles were replaced by electric cars, many giant companies created their giant budget plans in this direction. However, this development may also bring some difficulties.
Growth in 2022 will lead to the battery supply chain
Digitimes Research analyst Lin Fenhui stated that the electric car industry will see a big leap forward this year. So much so that, according to reports, a production number exceeding 100 percent will be reached this year compared to last year. However, the battery technology to be used in vehicles is not fully ready for this situation.
As it is known, charging stations and battery production were shown among the reasons why electric cars could not become widespread in the past. Although this problem is reduced to minimum values with the investments made, the rapid increase in the demand for electric vehicles may lead to supply chains in the materials used in battery production.
On the other hand, analyst Lin Fenhui states that this likely supply chain may cause an increase in electric car prices. According to the data obtained, the number of electric cars all over the world will reach 6.58 million by the end of 2022. In addition to all these, giant companies continue their huge investments for automobile batteries.
The analyst stated that there is currently a positive trend in energy saving and emission reduction in the world. However, the battery supply chain that will occur may cause minor changes in this table. Because the battery material prices in March 2022 increased 8 times compared to December 2020. It seems that even greater increases will be observed.
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