Home Business The U.S. is facing a lithium-ion battery shortage with EV growth

The U.S. is facing a lithium-ion battery shortage with EV growth

by Sakuragun Chan

As automakers continue to grapple with a semiconductor shortage, some experts say the next supply chain crisis for the U.S. could involve lithium-ion batteries.

As companies like GM, Ford and a slew of start-ups ramp up their electric vehicle ambitions, current battery production in the U.S. won’t be able to keep up with demand.

Though the U.S. has a handful of large-scale battery manufacturing facilities, including Tesla‘s Gigafactory that operates in partnership with Panasonic, a trade dispute between two Korean battery makers, LG Chem and SK Innovation, threatens the future of a new battery factory in Georgia.

Watch the video to learn why the U.S. has fallen behind China and Europe, and what needs to happen in order to avoid a bottleneck in EV production.

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