McKinsey report warns: Key materials for electric vehicle batteries will face supply constraints by 2030

McKinsey's latest report warns that supply chains for key battery materials will come under significant pressure by 2030. Electric vehicle sales are expected to surge from 4.5 million units in 2023 to 28 million units in 2030. This unprecedented demand will put pressure on the availability of key materials such as lithium, high-purity manganese and graphite.