CHARGING & INFRASTRUCTURE ou wouldn ’ t try to install a conventional battery into an electric vehicle ( EV ) and expect the car to perform , would you ?
CHARGING & INFRASTRUCTURE ou wouldn ’ t try to install a conventional battery into an electric vehicle ( EV ) and expect the car to perform , would you ?
The answer to this question ( or one similar ) is the driving force behind the demand for what are known as gigafactories — providers of purpose-built batteries for the EVs of the future . As the transport industry evolves , unique battery applications are influencing the demand for custom-built batteries and state-of-the-art facilities to ensure that production meets the high levels of demand .
Growing excitement around EVs could , in many scenarios , actually become the industry ’ s downfall ; emphasis is currently heavily weighted towards the vehicles themselves , rather than the individual elements slotted together for ultimate functionality . This is no surprise , though . The industry is led by enthusiasm around the end product , with consumers drawn to the latest automotive features , the fastest cars , and the best-looking bodies — as car enthusiasts have always been .
But , before long , the flow of battery production ( among other factors like charging infrastructure and energy capacity ) will determine how fast the industry moves and , as it stands , will likely stunt the growth of EV adoption due to prices remaining high . Without energy , consumers would be purchasing over-priced , heavily-engineered keepsakes rather than reducing their impact on the planet .
Battery manufacturing is now widely recognised as a critical factor contributing to the success of the EV supply chain , yet questions remain around whether the world can even produce enough batteries to fully electrify .
It ’ s this uncertainty that ’ s fuelling so many stories of startups driven by EV battery production , as well as those about leading EV manufacturers increasing their stakes in the industry . Even the engineers behind the latest cars , boats , and planes understand that their tireless efforts to create change are at the mercy of available renewable energy and battery storage solutions .
Further concerns around the transport industry ’ s decarbonisation arise as the supply chain switches from that of fossil fuels and combustion engines to one that ’ s heavily supported by rare metals and other materials . While mine operators are carefully selecting new vehicles to switch their
" THE IMPACT OF RAPIDLY
ACCELERATING INFLATION IS HURTING
EVERYONE — FROM BUSINESSES TO INDIVIDUALS "
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