DECEMBER2024ElectrifyingroadtransportwithlessminingAglobalandregionalbatterymaterialoutlookEYALLI,GEORGBIEKER,ARIJITSENEXECUTIVESUMMARYWiththegoalofmitigatingglobalwarmingandreducingharmfulairpollution,governmentsaroundtheworldhaveadoptedpoliciestoincreasetheshareofbatteryelectricvehicles(BEVs)andplug-inhybridelectricvehicles(PHEVs).AligningtheglobalroadtransportationsectorwiththeParisAgreement’sgoaloflimitingglobalwarmingtobelow2°Ccanbeachievedbyimplementinga100%BEVsalesshareinmajorvehiclemarketsfornewlight-dutyvehiclesby2035andfornewheavy-dutyvehiclesby2040,withallothercountriescompletingthistransitioninthefollowing5to10years.Althoughtheglobalroadtran...
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