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EV ambitions at risk

Electric cars on the Bund in Shanghai: China’s government is massively subsidizing the EV market.

A recent study in the journal Nature shows that China’s big plans for electric vehicles (EVs) are in jeopardy. The reason is the currently rising prices for “critical materials” such as lithium, cobalt or nickel. The authors warn that this could not only jeopardize China’s EV ambitions, but also the government’s lofty climate targets.

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