CARS Published July 28
World Economic Forum calls to reduce private vehicles by eliminating 'ownership'
World Economic Forum says steps need to be taken to reduce reliance on critical metals amid green energy push
By Caitlin McFall FOXBusiness
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The World Economic Forum is looking to reduce global reliance on critical metals as nations look to make the transition to renewable energy supplies, and one proposal is reducing ownership of private vehicles.
"This transition from fossil fuels to renewables will need large supplies of critical metals such as cobalt, lithium, nickel, to name a few," the forum said in a report earlier this month. "Shortages of these critical minerals could raise the costs of clean energy technologies."
The international lobbying organization based in Switzerland has proposed three solutions for lowering the costs of critical metals used in everything from cellphones and electric vehicles to wind turbines and efficient lighting.
https://www.foxbusiness.com/economy/world-economic-forum-calls-reduce-private-vehicles-by-eliminating-ownership