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Despite Trump’s rollback of US electric vehicle targets, industry experts remain optimistic about critical minerals demand, citing strong global EV growth, particularly in China.
While the policy change affected stock prices of automotive, battery, and mining companies, analysts emphasize that global EV adoption continues to accelerate, particularly in China, which dominates with 65% of the market.
Industry leaders, including Liontown Resources CEO Antonino Ottaviano, maintain their bullish outlook, noting that markets outside North America are growing at 27% annually and could soon surpass the entire North American market.
The resilience of global demand, especially in Asia and Europe, is expected to offset any potential slowdown in US EV adoption resulting from Trump’s policy changes.
