EVs will stress existing pressure points on an already strained supply chain.
For example, the new generation of high-tech vehicles is driving additional demand for scarce semiconductor chips. EVs require up to 30 percent more chips than combustion engine vehicles to power battery management systems and electric motor controls, Post noted.
Another supply chain challenge involves sourcing scarce raw materials such as lithium and cobalt for EV batteries. Post said he expects this raw material situation to be "tough until 2030 at least."
With mining operations requiring long lead times due to environmental and governmental regulations, automakers such as BMW and Mercedes are directly signing long-term contracts with mining companies to source raw materials on behalf of their battery cell suppliers. But recycling these raw materials will be vital in helping supply meet the new EV-fueled demand.
"We are in contracts with cell suppliers to use recycled material," Post said. "Our target is to reuse 90 percent of the raw materials in the battery."