Revealed: VW, Ford and Tesla batteries linked to destructive deforestation of indigenous lands

Volkswagen, Ford, and Tesla's batteries have been linked to deforestation in Indonesia. This is due to nickel mining in the country's primary rainforest, which is inhabited by the Tolaki people. The deforestation is a significant environmental concern, highlighting the challenges of producing electric vehicles without harming the environment. This issue matters for markets and trade as it raises questions about the sustainability of the electric vehicle industry and the potential impact on companies' reputations and bottom lines.

Why it matters

The revelation of destructive deforestation linked to carmakers' supply chains may hurt the reputation of eco-friendly companies. This could lead to a decrease in investor confidence and a subsequent drop in stock prices.

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