Abstract

The transition to electric vehicles (EVs) is pivotal for global decarbonization but faces significant challenges in securing essential battery minerals like lithium, graphite, manganese, cobalt, and nickel. While existing literature extensively explores individual challenges such as geographic concentration, geopolitical instability, and sustainability concerns, it often lacks a holistic framework to address their interconnected impacts on supply-demand dynamics. This report synthesizes insights from the extant literature to identify vulnerabilities in the mineral supply chain and proposes a strategic framework for sourcing policies. Key findings emphasize the need for developing mineral-specific sourcing policies, integrating sustainability criteria for mineral sourcing, and investing in technological innovations. These strategies could reduce transaction costs and mineral intensities while supporting the scaling of EV adoption.

Department(s)

Economics

Publication Status

Open Access

Comments

National Research University Higher School of Economics, Grant None

Keywords and Phrases

Critical minerals; Decarbonization; Energy policies; Energy transition; Sustainability

International Standard Serial Number (ISSN)

2666-1888

Document Type

Article - Journal

Document Version

Final Version

File Type

text

Language(s)

English

Rights

© 2025 Elsevier, All rights reserved.

Creative Commons Licensing

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.

Publication Date

01 Jun 2025

Download

Full Text Link

Included in

Economics Commons

Share

 
COinS