Russia conflict causes delays in green scheme manufacturing
► In addition to the crisis faced by Ukrainians from the invasion by Russia, the knock-on effects are now also being felt by the motor industry. Recent figures from GlobalData have shown that Germany may not be able to meet its target of 15 million EVs on the road by 2030, due to the soaring price of nickel.
The price of the metal has increased by 18% since the end of 2021 to over $24,000 per metric tonne, potentially impacting the German growth plans for years to come. Volkswagen has also suspended production at two factories in the country due to disrupted parts delivery from western Ukraine.
“Russia is the world’s
