Hundreds of New Mines Will Be Needed to Source the Raw Materials to Make EVs
Bryan Hood - Yesterday 1:00 PM
The auto industry has embraced electrification as a way of making transportation cleaner going forward. There is a big problem on the horizon, though: sourcing the raw materials needed to power those vehicles.
We may only be at the beginning of this new era, but the demand for the metals needed to build EV batteries is already outpacing demand, according to a new study from Benchmark Mineral Intelligence (via Jalopnik). Because of this hundreds of new mines will need to be opened worldwide over the next decade to make sure there are enough battery packs to go around.
If automakers really are serious about going fully electric by 2035—which is when the EU and California have said they’ll ban the sale of new gas-powered vehicles—the sourcing of raw materials needs to start now. The battery pack in an EV has to power the entire vehicle, from the powertrain to all of its other technological components. Because of that, these packs are much bigger than those found in traditional cars and require a lot more lithium, cobalt, nickel and graphite.
https://www.msn.com/en-us/autos/news/hundreds-of-new-mines-will-be-needed-to-source-the-raw-materials-to-make-evs/ar-AA120vqr?ocid=msedgntp&cvid=09e40460e50f4b1fa3ff7d7a6cf6c0b5
