Speaking at the FT Future of the Car 2022 conference, Tavares said he could anticipate the industry could face battery supply issues around 2025, 2026.
“And if there is no shortage of batteries, there will be a significant dependency of the Western world on Asia. This is something that we can easily anticipate,” said the CEO. of the world’s fourth-largest automaker.
“The rate at which everyone is currently building their battery manufacturing capacity may be at the limit to be able to support the rapidly changing markets in which we operate,” he said.
Tavares said the supply of raw materials could also pose structural challenges in the coming years, as electric vehicles weigh on average 500 kilos more than traditional combustion engine vehicles.
“It means a lot of raw material extraction, it ultimately means a shortage of raw materials, it ultimately means geopolitical risks,” Tavares said. “We may not like how these raw materials will be purchased in a few years.”
He said automakers were focused on technology and ready to “pour” battery electric vehicles into the market, while they and regulators lacked vision on all the long-term implications of the transition. of mobility.
” What is the next step ? Where is the clean energy? Where is the charging infrastructure? Where are the raw materials? Where are the geopolitical risks linked to the supply of these raw materials? Who is looking at the full picture of this transformation? said Tavares.