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Mercedes-Benz CEO says shortage of raw materials could delay e-mobility – Die Zeit

Automakers are scrambling to secure supplies of materials ranging from lithium, nickel and manganese for batteries to magnesium for automotive components.



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The scarcity of raw material supply for electric vehicles could slow down the transition from fossil fuel vehicles.

Shortages of raw materials for electric cars could slow the transition from fossil-fuel to electric vehicles, Mercedes-Benz Chief Executive Ola Kaellenius said in an interview with German newspaper Die Zeit on Wednesday.

β€œThe industrialization of mining and refining capacity may not progress as quickly as demand increases. If that happened, it would only delay electric mobility, but not prevent it,” Kaellenius said.

Automakers are scrambling to secure supplies of materials ranging from lithium, nickel and manganese for batteries to magnesium for auto components as they rush to ramp up production of electric vehicles, but rising costs raw materials has widened their margins.

Some, including Mercedes-Benz – which changed its name from Daimler on Tuesday after parting ways with Daimler Truck – have raised prices for consumers to cushion the blow.

Increases have recently been seen in response to the continued shortage of semiconductors, which reduced production volumes throughout the past year.

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