Europe’s energy crisis offers a hard lesson on the risks of focusing on one fuel source — in the case of the electric vehicle industry, battery cells, according to Markus Heyn, head of mobility services for Robert Bosch GmbH.
“We’re currently seeing the consequences of the gas shortage for Germany and Europe because we prepared too few alternatives,” Heyn, who’s also a board member of the auto parts company, told the Monday edition of the Stuttgarter Zeitung. “In the automotive industry, we should use this occasion to ask ourselves what we can do if there should ever be too few battery cells.”
Batteries are among the major cost drivers for electric vehicles, and improving technology has until now typically delivered annual efficiency gains. That trajectory has faltered, though, as the cost of raw materials rises, challenging automaker forecasts that EVs will soon offer a similar margin to combustion-engine vehicles.