This Thursday, 17th November 2022 at 14:00 GMT, the LMC Powertrain team at GlobalData will host a webinar on the outlook for global powertrain and electrification.

Click here to register, and find out:

• How the roadmaps of automakers and battery suppliers are driving demand for materials that the mining and chemicals sectors will struggle to deliver
• Why battery electric vehicles (BEV) range expectations are giving way to cost and supply concerns.
• If a shortage of battery-grade lithium is a threat not just to automakers’ BEV targets, but also to the size and stability of the automotive market itself
• What strategies original equipment manufacturers (OEMs) may adopt to mitigate these risks

Al Bedwell, Director, Global Powertrain at LMC GlobalData, says: “From the US via Europe to China, the ability to deliver enough BEVs at the right price is our number one electrification forecast risk.”

Kevin Riddell, Senior Manager Americas Powertrain Forecasts at LMC GlobalData, continues: “The Inflation Reduction Act (IRA) includes a lot of incentives for the electric vehicle (EV) industry, however the consumer facing tax credit becomes more challenging to take advantage of for both customers and the automakers. Investments into battery plants are just the beginning as more aspects of battery production will be brought into North America to meet the Clean Vehicle Credit requirements.”

Sam Adham, Senior Analyst at LMC GlobalData, adds: “EV range expectations are giving way to cost and supply concerns. There is now a stronger case for the nickel-free, cobalt-free, iron-based LFP battery but automakers remain reluctant to embrace it for the mass market. A shortage of battery-grade lithium is a threat to automakers’ EV targets, to the investments being made into the e-mobility transition, and possibly to the size and stability of the global auto market.”

Register now for GlobalData’s Global Powertrain & Electrification Briefing webinar, which takes place on Thursday, 17^th November 2022 at 14:00 GMT