Booming electric vehicle demand spurs on mining, metals sector
Electric vehicle demand is expected to skyrocket worldwide and that could require a lot more minerals than currently being supplied today\xa0for the necessary batteries.
S&P Global Market Intelligence expects sales of passenger plug-in electric vehicles to increase from just over three million units in 2020 to over 11 million units by 2025. Meanwhile, the International Energy Agency recently suggested that government action will be needed to ensure adequate supplies\xa0exist\xa0of nickel, cobalt and rare earth elements given the "looming mismatch" between expected demand and planned investments in supply.
This episode features interviews with Nikit Abyankar, a scientist at the Lawrence Berkeley National Laboratory and David Wooley the executive director of the Center for Environmental Public Policy at the University of California, Berkeley.\xa0The team\xa0also spoke with S&P Global Market Intelligence metals analysts Jason Sappor and Alice Yu, and Payal Sampat, the mining program director at Earthworks.
Energy Evolution co-hosts Dan Testa, Allison Good and Taylor Kuykendall are veteran journalists with broad expertise covering the utility, oil and gas and mining sectors. Subscribe to Energy Evolution on your favorite platform to catch our latest episodes!