Are there sufficient raw metals to build batteries?

Are there sufficient raw metals worldwide to build batteries in order to accelerate the switch to electric mobility in 2025? And will there be enough resources available in the European market to support the ongoing massive growth? Transport & Environment (T&E) analysed these questions and came to the following conclusions:
Up to 14 million battery-electric cars (BEV) can already be produced globally next year, which is 55% higher than the current market estimates.

The current supply of BEVs is not constrained by the raw materials, the amount of electric cars, sold depends on the global car regulations.

If Europe has half of all its car sales BEV in 2025, this would require around a quarter of the global BEV production.

China and its companies are in a race to secure global lithium mining assets and expand battery production at home and abroad.

Europe can still secure large parts of the battery supply chain: a third of global battery cell manufacturing is expected to be in Europe by 2030

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A bar graph titled "Maximum BEV production (million units)" from 2022 to 2026. It shows 3 categories: BEV with nickel-based batteries (blue), BEV with LFP batteries (gray), and maximum BEV including Russian nickel (yellow). An orange line represents BEV demand.
Why Europe can secure enough critical rough materials, T&E May 2022
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