NEW YORK—Achieving ambitious EV adoption targets will require massive growth in battery manufacturing and raw material supply chains, claims a new report by ABI Research. However, despite current challenges, global production should increase dramatically by the end of this decade.
“Battery cost and production volume are the key barriers to adoption for EVs,” says Dylan Khoo, electric vehicles industry analyst at ABI Research. “The most important technologies are, therefore, those that make batteries cheaper or easier to manufacture at scale.