EV Sales Are Booming, But Battery Metals Remain A Problem

Global sales of electric vehicles (EVs) surged last year and have continued to grow strongly this year, but soaring prices of critical minerals and supply chain bottlenecks are the greatest obstacles to a continued surge in EV sales in the short term, the International Energy Agency (IEA) said in its Global EV Outlook 2022 published on Monday. Global EV sales broke all records last year and continued their strong performance in the first quarter of 2022, mostly thanks to sustained policy support in many markets, with overall public spending on…