What it will take to clean up the EV industry

In order to achieve our decarbonization goals, transitioning to EVs is a must.

While the EV industry is developing at a rapid and impressive pace, it's still imperfect, far from it.

Some of the biggest issues plaguing the industry are related to the supply chain — where and how crucial minerals are mined. We're seeing problems related to deforestation and displacing of indigenous communities.

There are also considerable concerns about the emissions involved when building an EV, which can be anywhere from 30% to 50% higher than an ICE vehicle.

Addressing these issues now, before the industry grows any further, is imperative, experts say. To put into context: In 2020, less than 600,000 EVs were manufactured. This year, we're seeing nearly 16 million.

Yes, expanding this industry is key, but not at the expense of the en ...