Mercedes-Benz CEO says raw material scarcity could delay e-mobility
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(Reuters) – The shortage of raw material for electric vehicles could hinder the transition from fossil-fuel-burning cars to them, Ola Kaellenius Mercedes-Benz chief executive stated in an interview on Wednesday with German newspaper Die Zeit.
According to Kaellenius, “The industrialization and expansion of the refinery capacity and mining facilities may slow down as much as increased demand.” Kaellenius stated that if this happens, it will only delay but not stop e-mobility.
While carmakers work to procure materials such as lithium, nickel, and manganese to build electric vehicles, they are also struggling to find the right raw materials to meet their needs.
Some have increased prices, like Mercedes-Benz which has changed its name to Daimler (OTC) Tuesday after it split from Daimler Truck.
Recent increases have been observed in reaction to the continuing semiconductor shortage that has lowered production volumes through last year.
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