Electric Vehicle Transition
Electric vehicles (EVs) are expected to rapidly increase from less than 1% of the global automotive fleet to over 30% by 2050 reaching over 670 million units. To achieve this transition will require lithium and cobalt production to grow by 500% if no innovative technologies are developed. We will need to build out our current network of just over 42,000 charging stations to over 500,000 by 2035 and we will need an evolution in higher density lithium batteries. This all requires extensive additions of renewable electricity likely in the form of off-shore wind as well as access to critical earth minerals dominated by the control of China.
There is great competition among technologies, companies and countries to acquire a variety of critical minerals necessary for the sustainable technology transition. Our lab examines the implications to supply chains, national economies, the environment and national security.
Which financial institutions, pension funds and corporations are funding the transition? What are the drivers for ESG investments and how might greenwashing impact future investments?
EV Battery Manufacturing
Will there be enough capacity to manufacture the batteries needed to power the EV transition? How will the dominating role of battery manufacturing in China impact U.S. and global manufacturing? Will the power density increase enough to support other modes of transportation?
EV Incentives and Policies
How will the U.S. compete on a global scale? What policies at the state and federal level will be needed to off-set the costs to the consumer while also making American manufacturing competitve?