Ford CEO Says Batteries Are The Main Constraint To EV Transition

ford ceo says batteries are the main constraint to ev transition

Ford CEO Jim Farley at the F-150 Lightning’s production launch

Jim Farley says both lithium and nickel are really the key constraining commodities in the lithium-ion batteries the company uses.

Ford Motor Company CEO Jim Farley believes battery supply chains could stand in the way of companies wanting to go all-electric.

In an interview with Yahoo Finance Live from Ford’s new BlueOval City manufacturing complex, Farley talked about the challenges of sourcing enough battery materials and processing them to build batteries for an increased electric vehicle production.

“First of all, batteries are the constraint here, it won’t be the manufacturing site behind me. In the lithium-ion batteries that we use, both lithium and nickel are really the key constraining commodities. We normally get those from all over the world – South America, Africa, Indonesia, Southeast Asia. We want to localize that in North America, not just the mining but the processing of the materials.”

The executive pointed out that most raw metals mined in the United States get sent to China to be processed, which the US actively trying to counter through grants instated by the Inflation Reduction Act and other investments.

“The big change is going to be onshore all that capability of processing but also mining back in the US. It will be a huge job, just like it has for semiconductors,” Farley noted.

After a raw material is extracted from the earth, it is sent to processors to purify the mineral, which is then shipped to producers who manufacture EV batteries. Overall, raw minerals can travel as many as 50,000 miles before reaching a battery factory.

China dominates the market with more than 70 percent of global EV battery production capacity within its borders, but its strength comes mainly from its refining capacity. The country is also the largest producer of graphite, one key mineral used in lithium-ion batteries.

As demand for electric cars and trucks increases so too will demand for the precious minerals used in batteries. As a result, the global supply chains that extract and process minerals will be put to the test.

The US has outlined five minerals it deems “critical” to the EV transition that have supply chains at risk: lithium, cobalt, manganese, nickel, and graphite. Lawmakers and executives from the mining industry have already raised alarms about mineral supply.

Lithium, for example, is a key component in lithium-ion batteries, the most dominant type of battery used in the EV industry and the kind that Ford uses. The average electric car battery uses about 8-10 kilograms of lithium.

Keith Phillips, CEO of Piedmont Lithium, told Yahoo Finance last year that there will be “a real crunch to get the material” as there’s not enough of it in the world to turn that much production by 2035.

Demand for lithium-ion batteries is expected to explode by more than 500 percent between 2020 and 2030. There would have to be an estimated 300 million electric cars on the road in 2030 to stay on track with benchmark net-zero goals.

More stories on electric vehicle battery materials

    Source: Yahoo Finance

    News Related


    Louisiana state park opens 2 years after hurricane destroyed 700 homes

    GRAND ISLE STATE PARK, Louisiana: Almost two years after Hurricane Ida struck the barrier island and destroyed most of its infrastructure, Grand Isle State Park has reopened. In a statement, ... Read more »

    Lionel Messi may not save MLS but he can have a lasting impact on football in America

    Lionel Messi shocked many when he announced he would be signing with Major League Soccer’s Inter Miami when he leaves Paris Saint-Germain at the end of this month. MLS, the ... Read more »

    Saudi Arabia Wins Seat in UNWTO Executive Council

    The Kingdom of Saudi Arabia has won a seat in the UN World Tourism Organization (UNWTO) Executive Council from 2023 to 2027 for the Middle East region. The Kingdom has ... Read more »

    Come and visit the kingdom, Saudi minister tells London business forum

    The Minister of Commerce for Saudi Arabia, Dr Majid Al Kassabi, told a London conference on Wednesday that “today, Saudi Arabia is a different Saudi Arabia”. Referring to the progress ... Read more »

    Abu Dhabi University graduates 1,516 students

    ABU DHABI, 8th June, 2023 (WAM) — Abu Dhabi University (ADU) celebrated its 17th graduation ceremony on 8th June, 2023, with the awarding of degrees to 1,516 students. The ceremony ... Read more »

    European Source to Asharq Al-Awsat: Revival of 2015 Nuclear Deal ‘No Longer Possible’

    The Secretary-General of the International Atomic Energy Agency (IAEA), Rafael Grossi, did not succeed at calming the fears of Western countries about the continued progress of Iran’s nuclear program, although ... Read more »

    Saned urges entities in Sharjah to install ‘Aman’ safety system

    SHARJAH, 8th June, 2023 (WAM) — Saned Integrated Facilities Management has urged all government and private entities, industrial and commercial facilities and residential buildings to install the early warning ‘Aman’ ... Read more »

    Winnie the Pooh is the star of this upcoming body horror game

    Winnie the Pooh is the star of an upcoming body horror title that’s seriously pushing the boundaries on what can be done when a beloved character goes public domain. No ... Read more »

    Turkey defends medical tourism standards amid UK criticism after deaths

    Turkey has defended its healthcare system after Britain accused it of putting patients’ safety at risk following a rise in deaths of medical tourists. The Turkish embassy told The National ... Read more »

    Airlines official said no repeat of airport chaos expected this summer

    ISTANBUL, Turkey: In an interview with Reuters, Willie Walsh, director-general of the International Air Transport Association, (IATA), said airlines are prepared to avoid a repeat of last summer’s travel chaos. ... Read more »

    IND vs AUS: Travis Head Creates History, Becomes First Batter To Smash Century In WTC Final

    Travis Head New Delhi: Travis Head created history in the World Test Championship Final 2023 match against India at the Kennington Oval in London by becoming the first batter to smash ... Read more »

    Tennis-Supreme Swiatek outclasses Gauff to reach French Open semi-finals

    French Open By Shrivathsa Sridhar PARIS (Reuters) -Holder Iga Swiatek was tested by American sixth seed Coco Gauff in a rematch of their 2022 French Open title clash but the ... Read more »

    Le Drian appointed special envoy to Lebanon

    ALBAWABA – Former French foreign minister Jean-Yves Le Drian has officially been appointed by French President Emmanuel Macron as France’s special envoy to Lebanon, in hopes of working toward resolving ... Read more »

    UAE Pro League holds 4th Periodic Meeting

    ABU DHABI,8th June, 2023 (WAM) — The UAE Pro League held its fourth periodic meeting with the executive directors of professional clubs via video conferencing. The meeting was headed by ... Read more »

    Jordan denounces attack on Saudi embassy in Sudan

    Amman, June 8 (Petra) — Jordan on Thursday strongly condemned the attack on the Saudi Arabia embassy in Khartoum, its attachés, and the residence and properties of its employees. Spokesman ... Read more »

    FIA WEC and Motorsport Network team up to launch Global WEC Fan Survey

    FIA WEC 2023 Global Fan Survey. World’s premier endurance racing series and the motorsport industry’s leading digital platform offer fans the chance to share their views. As the excitement builds ... Read more »

    Apple Music is getting 6 new features in a free update – here's what's coming

    Apple Music subscribers are set to see several new free features when they update to iOS 17 later this year, including the ability to finally collaborate on playlists, discover new ... Read more »

    China, Pakistan, Iran hold first-ever anti-terror talks

    China, Pakistan and Iran on Wednesday held their first counter-terrorism dialogue in Beijing in a move that suggests new alignments in the region. The foreign office issued a statement confirming ... Read more »

    British Airways and BBC hit by cyberattack

    The compromised data includes names, addresses and National Insurance numbers. Getty British Airways, the BBC and retailer Boots have all said their staff were among those hit by a cyberattack ... Read more »

    Jordanian authorities arrest a top fugitive

    Seized drugs at the police anti-narcotics unit headquarters in Amman, in January 2019. AFP Jordanian security troops have arrested “one of the most dangerous wanted men” in the kingdom, a ... Read more »

    FM, Hungarian officials hold talks in Budapest, 1st add

    In a joint press conference, Safadi affirmed that contacts between Jordan and Hungary are ongoing, and said, “We have met more than seven times over the past years, and I ... Read more »

    KEPS calls on MPs to protect environment

    Dr Uqab said the National Assembly has a major role in protecting environmental rights of society members through legislations that protect such rights. Also, the environment protection law of 2014, ... Read more »

    Blinken wants Saudi Arabia and Israel to establish relations

    Secretary of State Antony Blinken at the American Israel Public Affairs Committee policy summit in Washington. Reuters US Secretary of State Antony Blinken on Monday called for Saudi Arabia and ... Read more »

    Free Bike Rides Available in Dubai on This Date

    Free Bike Rides Available in Dubai on This Date Dubai RTA and Careem have announced that they will allow individuals with free Careem BIKE rides at 186 docking stations throughout Dubai ... Read more »

    PM witnesses inking MoU on developing automotive industry in Egypt

    PM witnesses inking MoU on developing automotive industry in Egypt Prime Minister Moustafa Madbouly witnessed inking a memorandum of understanding between the automotive industry unit at the Ministry of Trade ... Read more »

    FM, Hungarian officials hold talks in Budapest, 2nd add

    “We in the Hashemite Kingdom of Jordan continue to make every effort to solve regional crises, address the consequences of humanitarian, security and political crises, and achieve the security and ... Read more »

    مذكرة تفاهم بين الوطني للأمن السيبراني وجامعة البترا

    java.lang.NullPointerException Latest news Norwegian Film Days kicks off in Amman Tourism minister inaugurates photo exhibition of Salt, Japanese city of Hagi 50 Jordanian youth trained on partisan activity Middle East ... Read more »

    UAE firm that produces water to irrigate floating farms among 36 organisations to receive Expo Live funding

    UAE firm that produces water to irrigate floating farms among 36 organisations to receive Expo Live funding Thirty-six grassroots social entrepreneurs from 34 countries have joined the Expo Live Innovation ... Read more »

    Zain honors winners at excellence awards ceremony

    By Abdellatif Sharaa KUWAIT: Zain Telecommunications Company held the excellence awards ceremony for the best performers during the Zain Football League this season at the St Regis Hotel. Zain’s Chief ... Read more »

    PIF takes control of Al Hilal, Al Nassr, Al Ittihad and Al Ahli in Saudi Pro League

    Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, will take control of four of the country’s most prominent football clubs, as part of the Sports Clubs Investment and Privatisation ... Read more »
    Kênh kiến thức kỹ năng, phát triển bản thân, hướng nghiệp, blog nhân sự