Atlanta-based Cox Automotive Mobility recently released a whitepaper on how supply chain disruptions have slowed widespread electric vehicles (EV) growth in the United States.
The paper, Supply Chain Challenges Impacting Electric Vehicle Adoption, discusses the status of EV adoption, the importance of price parity in driving adoption, the role of technology, supply chain constraints threatening growth, and building a robust EV supply chain in the United States.
“This convergence of factors shines an even brighter light on the importance of end-to-end EV battery lifecycle management,” Lea Malloy, Cox Automotive Mobility AVP of EV Battery Solutions, said. “Coupled with government policy support, EV battery first life extension is paving the way for meaningful progress in protecting the planet while accelerating the uptake of EVs in a challenging environment.”
According to the report:
Americans are buying EVs at a record pace, but there isn’t enough domestically supplied materials to keep up with consumer demand. Innovations in battery chemistry, materials substitution and recycling will be key to the transition to EVs, according to Cox.
Fleet operators are replacing their gas-powered fleets with EVs to reduce total cost of ownership, drive efficiency and achieve sustainability goals.
Inflation and global computer chip and material shortages are affecting the overall auto industry.