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Geopolitical Score 65 Bearish

EVs Were Built To Escape Middle East Oil — But 70% Of Their Aluminum Comes From the Same Risky Region, Toyota CEO Warns

Apr 01, 2026 16:31 UTC
TM, ALU, Copper
Medium term

The shift to electric vehicles aims to reduce dependence on Middle Eastern oil, but Toyota's CEO warns that 70% of aluminum used in EVs still comes from the region, raising concerns about supply chain vulnerabilities.

  • EVs rely on Middle East for 70% of aluminum
  • Supply chain risk highlighted by Toyota CEO

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