According to the graph, factors like thrifting, efficiency improvements, and aluminum substitutions are helping reduce copper demand in EV production. Yet, despite these advancements, overall demand for copper is still climbing rapidly. And keep in mind, EVs are just one piece of the broader clean energy puzzle. While material replacements and recycling are essential strategies, mining remains a necessity for meeting everyday mineral needs. It's crucial that we ensure those mines are located here, where we can enforce stronger environmental, social, and labor standards. #wecandothis #responsiblemining #minnesotamining
📊 Infographic: EV copper demand to grow despite declining content per vehicle. Copper plays a critical role in #electricvehicles as the metal is essential for various components, including the copper foil, motors and charging cables. Yet, automakers are reducing copper intensity in these components to achieve cost savings as they ramp up EV production. Copper consumption in passenger BEVs has reduced since 2015, from a global average of 99 kg to 71 kg by 2021. This is attributable to a general improvement in efficiencies across BEV designs. Despite these reductions, demand for copper from the EV sector is projected to grow 177% by 2030 as deployment rates soar and charging infrastructure expands. ⬇️ This Visual Capitalist infographic utilises data from Benchmark and Rho Motion to illustrate the changing level of copper content used in EVs from 2015 to 2030. Sign up to Benchmark Mineral Intelligence's free copper weekly newsletter here: https://lnkd.in/ewDaZAjY