Because of its name, lithium-ion (li-ion), people think that li-ion batteries are primarily made of lithium and that if we transition the world’s car fleet to electric, it will create a supply problem. While it’s certainly true that lithium demand is expected to rise significantly, which is why the price has spiked recently, the resource is abundant and production can keep up with the right investments.
But it would be a mistake to focus only on lithium. There are several other raw materials in batteries and they each can create bottlenecks if not properly addressed. We will look at an example with a Tesla Model S battery pack through an infographic embedded below. expand full story