Livent's Strategic Growth and Sustainability Goals
Livent
Government and Industry Support Driving EV Adoption...
Global Government Support
Support maintained or increased during pandemic
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Subsidies, tax incentives, grants and ICE
vehicle bans across EU countries
Zero-emission target for automakers by
2035; increased CO2 emission reduction
target to 55% by 2030
E.C. Circular Economy Action Plan will
require carbon footprint disclosure and
thresholds on rechargeable batteries
Target elimination of ICEs by 2035 with
defined milestones for EV penetration by
2025 (20%) and 2030 (40%)
MIIT raised NEV credit from 12% in 2020 to
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M
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Commitments from Auto OEMs
Commits to increase captive battery production and 100
GWh by 2022 and 3 TWh by 2030 to meet EV demand
Offering of 25 electrified vehicles in 2023 and 33% of
new European registrations electric by 2025
Build 22 million electric vehicles over the next decade,
almost 50% more electric cars than it targeted previously
Mercedes plans to offer an electric version of every
model it sells and double BEV sales in 2022
14% in 2021, 16% in 2022, 18% in 2023
Target for EVs to comprise 50% of all new
vehicles sales in 2030
GM
30 new global electric vehicles by 2025 and having an
all-electric line-up by 2035
$5bn over five years to build out the EV
charging network, IRA strengthening
domestic energy storage supply chain
Ford
Global investment of $22bn in electrification by 2025;
100% of passenger vehicles in Europe electric by 2030
Policies will transition from subsidy to regulatory driven
Widespread adoption of EVs remains critical for governments and auto OEMS
to meet CO2 emission reduction targets
Sources: Argus Media, Bloomberg NEF, Company websites, Press reports and Wall Street research.
IRA = Inflation Reduction Act; ICE = Internal Combustion Engine.
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