General Motors has stopped receiving orders for the huge electric Hummer EV, in what was described as a surprise given the increasing demand for these vehicles.
The big problem for all electric car makers is the shortage of large lithium batteries needed to power the vehicles.
Almost all conventional automakers have announced huge investments to build electric car battery plants and most of these are still under construction, and we still have years to produce enough batteries to meet demand.
General Motors, according to CNN Arabia, delivered 400 Hummer pickups between January and June, and the company plans to start delivering SUVs in the spring of 2023. It currently has reservations for about 45,000 pickups and almost as many SUVs.
“We are pleased to say that this massive demand has led to the termination of bookings for the all-electric Hummer at this time,” a statement from the company said.
GM hasn’t been able to say how long it will take to deliver all 90,000 pre-ordered Hummers, but it’s another sign that as traditional automakers move to ramp up sales and production from their EV offerings, demand is much greater than the offer.
General Motors aims to produce zero-carbon cars by 2035, and other traditional automakers have similar goals. Part of this shift is due to stricter environmental regulations that will prevent the sale of gasoline-powered cars in some cases. But a good part is driven by customer demand.
And in 2022, a distinguished group of electric cars was launched in the SUV category, with different specifications and capabilities.
In this report, Car and Driver presented a list of the top 5 pure electric cars launched in the SUV category this year.
In first place comes the Hyundai Ioniq 5, the car received a rating from “Car and Driver”, with a score of 9 out of 10 points.
Since the beginning of 2022, lithium prices have been witnessing steady increases, which raises concern in the automotive sector, where the metal is used in the manufacture of batteries.
The current price of lithium metal is about 3 times higher than a year ago, which greatly affects the automotive sector and manufacturing costs.
The price of lithium hit a new record earlier, after a ton in China reached 500.5 thousand yuan ($71,315), according to Bloomberg.
It is expected that lithium-producing countries will gain great importance in the coming years, such as oil countries, with the high global demand for it, as a major component in the battery industry.
The world’s second largest producer, Soc Komica & Minera de Chile (SQM), said it expects to continue to be in short supply of lithium in the market in the coming years.