Raw materials—the next constraint on EV adoption, The problem is not availability, but the time required to scale up production.
The timeline of a transition to a new technology can be seen as a series of— obstacles that temporarily prevent the new technology from displacing the old. These obstacles aren’t always technological — sometimes they have to do with economic or social factors.
The advent of the lithium-ion battery eliminated this constraint, and the electric car motored on to face the next set of obstacles, which were corporate and societal. Automakers had no interest in building EVs, and consumers still saw them as golf carts. So, at this point — circa two or three years ago — the biggest constraint on EV adoption was the fact that only Tesla was selling the things in any volume, and it couldn’t be expected to transform the world’s transportation system all alone. Fast-forward to the present day, and this constraint has largely been eliminated. Several automakers have set up shop as Tesla competitors, and are now not only producing a larger selection of electric models, but actively marketing them.
So, what now? Many industry observers believe that raw materials represent the next major obstacle to the EV transition — and this roadblock may require much more time to clear., “It takes about 2 years to build a new battery gigafactory, but it takes at least 8 years to build a new lithium mine.” [
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