Chatham House: Morocco set to become EV industry hub

According to the London based think-tank Chatham House, Morocco is well-positioned to become a global hub for electric vehicle industries (EV) thanks to its control of the world’s largest phosphates reserves, its free trade deals with the EU and the US, availability of skilled labor and a growing automotive sector. Chatham House MENA specialist Ahmed Aboudouh said in an analysis that “the country controls 72 per cent of all phosphate-rock reserves worldwide – positioning it to become a global EV battery production hub as the world moves away from NMC lithium-ion batteries and adopts cheaper and safer lithium iron phosphate (LFP) batteries.”