How Copper Drives Electric Vehicles?

January 27, 2022 Copper

Electric vehicles (EV) are contributing to a cleaner, safer and more energy-efficient environment. Powering this sustainable technology is copper, used for its durability, superior electrical conductivity and reliability.

Copper is a major component in EVs used in electric motors, batteries, inverters, wiring and in charging stations.

Currently, A pure electric vehicle can contain more than a mile of copper wiring in its stator windings.

Some of the stats that pick interest on why copper is essential part in electrical vehicles:

  • In 2016, the number of electric vehicles increased to 2 million globally.
  • Annual sales of PEVs will exceed 1 million vehicles in 2023, reaching more than 7 percent of annual sales by 2025.
  • About 5 million charge ports will be required to support them.
  • In 2016, the estimated amount of copper used in all electric vehicles was nearly 26 million pounds.
  • In the U.K., Prime Minister Boris Johnson announced plans to stop the sale of new diesel and gasoline vehicles by 2030.
  • Israel has announced they will also phase out fossil-fuel vehicles by 2030
  • Norway plans to remove traditional gasoline powered vehicles from the road by 2025.
  • Wood Mackenzie estimates by 2030, there will be over 20 million EV charging points globally, consuming 250% more copper than in 2019.

Infographic on Copper Role in Electric Vehicles and Why It is Important?

How Copper Drives Electric Vehicles?

Key Takeaways:

The increasing demand will significantly impact the copper market. The demand for copper due to electric vehicles is expected to increase by 1,700 kilotons by 2027.

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