Will the Biden Administration meet its goal for electric vehicle production in the U.S.? Don’t count on it.
President Biden wants electric vehicles to account for half of all U.S. car sales by 2030. That isn’t going to happen, says Dionis Teshler, chief technology officer and co-founder of GuardKnox, a provider of cybersecurity tech to the automotive industry. The reason is a chronic shortage of the raw materials that are essential to EVs as they’re currently designed, especially rare earth minerals, for which China has a near-monopoly as a producer. What’s more, EVs themselves have negative environmental consequences that contradict their green image. So what to do? Teshler offers some procurement and design strategies, both long-term and short, that automakers can take to advance the cause of EVs while moving toward sustainable supply chains. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
Show notes: An e-book from GuardKnox: “Secure Electric Vehicle Charging.”
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