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The world is going to need more batteries. A lot more batteries.
Every major automaker is preparing to pivot from gas and diesel cars to electric and hybrid ones. Ford F-150s and Kia crossovers, Volkswagen hatchbacks and BMW sedans: They'll all plug in instead of fill up. It's a remarkable transformation that will change the way we drive and shake up world energy markets.
But the massive shift is raising concern that the world's battery supply chain, from mines to manufacturers, will fail to keep pace, leading to a bottleneck that will slow the pace of electrification and derail companies' business plans — and the fight against climate change.
