The rise in EVs is causing a lithium shortage (Doug Peters / PA)
(Picture: PA Wire)Coal, oil and gas — three fossil fuels that drove the industrial revolution and to this day continue to dictate the price of goods all over the world. But as we shift away from carbon-intensive fuels and towards net-zero emissions, we will remain reliant on finite and hard to reach resources. For electric car manufacturing, and the batteries required to power them, lithium is key.
The UK has pledged to ban the sale of new petrol and diesel cars by 2035. Other countries have similar policies, and as such demand for electric vehicles is set to skyrocket. But there is a global supply shortage of the material, which could last for years. And prices are rising, which will have a knock-on effect on the cost of cars.
