Global electric vehicle (EV) demand is shifting rapidly, with Asia outpacing European markets amid regulatory challenges. Tesla and BYD announced plans to prioritize lithium-ion battery production in China, fueling concerns about Europe's competitiveness. Analysts warn that delayed policy adjustments could trigger a supply chain crisis by 2025.
A recent report highlighted:
Asia controls 78% of battery manufacturing capacity, leaving Western automakers vulnerable.
Key factors reshaping the EV landscape include:
- China's subsidized infrastructure projects
- Stricter EU emissions standards
- Rising cobalt prices
Industry leaders stress that strategic partnerships and raw material diversification are critical to stabilizing global markets.