“ We need more growth , more productivity , and more time to commit to our passions ”
PRASHANT GULATI VICE PRESIDENT OF STRATEGY , FARADAY FUTURE
What is the future for the electric vehicle industry ? To promote long-term growth and success within the electric vehicle industry , Gulati says the focus is – and should remain – on batteries , reducing cost of materials , recycling , and developing new chemistries .
“ Since 2010 , the price of batteries has dropped significantly – until about 2019 ,” Gulati recounts . “ In the last few years , battery and raw material prices have risen again because of supply chain disruptions , due to the pandemic .”
The second focus that Gulati expects of the industry is in EV infrastructure .
“ We are seeing significant regulatory support to promote the transition to electric vehicles ,” he says . “ Governments are allocating a lot of capital and policy support towards education , charging infrastructure , and local sourcing of electric cars , so we anticipate that will continue .”
The future is on its way – and it looks electric . sustainabilitymag . com 207