A glitch in the (EV) matrix
The development of the first electric vehicle in 1832 has since given way to an ecosystem nobody at the time could anticipate. Though consumer demand is set to soar in the coming years, with 30 million EVs expected to take to roads in the EU alone, challenges have surfaced at every point in the supply chain. A lack of raw materials is causing battery shortage, manufacturing constraints result in slow delivery to consumers, while the U.S. may need to increase the supply of EV charging by as much as 20 times to effectively meet demand.