How To Scale Up Clean Battery Production To Decarbonize Transportation [Forbes]
FREYR Battery, Inc. (FREY)
Company Research
Source: Forbes
getty The numbers are mind-boggling. According to the IEA Global EV Outlook which examines regional targets and current vehicle statistics, at least 235 to 300 million electric vehicles (EVs) will need to be produced to meet the combined electrification goals of the EU and the United States by 2035. Where will all the batteries come from to meet these needs? An emerging leader There are a number of technological, environmental, economic, and social dimensions that impact the production of batteries for EVs and transportation systems. The scarcity of key resources like lithium and the energy-intensive extraction processes that are required, the costs and complexity of the existing manufacturing and supply chain processes, and the current limited lifespan of batteries and the status of recycling and end-of-life management are all challenges that impact the production of batteries. These are all challenges that battery manufacturers need to consider. One company that is chan
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