https://www.apcuk.co.uk/app/uploads/2022/06/Q1-2022-automotive-industry-demand-forecast-report.pdf

Q1 2022 Automotive industry demand forecast

Limited lithium supply could be a potential bottleneck to global BEV penetration •Impact could be as much as 15 million fewer BEVs produced in 2030Mitigating strategies

•Increase lithium supply by offering various incentives in sustainable Li mining

•Recycle Li from various sources

•Manufacturing smaller and modular batteries

•Substitute lithium out by adopting sodium-ion in certain vehicle segments

•Increased production of FCEV