Why many investors are wrong on EVs and copper demand
We’ve been banging this drum since we launched Battery Materials Review in 2018 but, over time, many analysts are starting to realise that EVs aren’t the promised land for copper. We’ve highlighted for many years that the amount of copper used in first generation EVs wasn’t sustainable and that copper usage in EVs will fall substantially from those levels. And it’s happened. But it seems to be happening faster now. The major reduction in copper usage came about from the introduction of second generation EVs, designed from the ground up as EVs. The next is likely to come from the...
Topics
800V
Copper
EVs
Second generation
Third generation
