Updated EV sales forecasts presage emerging S/D gap
The strength in European EV sales in early-2020 caught many commentators by surprise and now, even as we come out of the Covid-19 event, many consultants, brokers and industry commentators are raising their EV sales forecasts for 2025 and out to 2030. We decided to dust off our longer-term supply/demand models and see what the impact of the forecast increase in EV sales would be on supply/demand balances for key materials. And let me tell you, the results were pretty scary! Scary in terms of the magnitude of the supply/demand gap that’s opening up in most materials. Now, on the...