Innovation in EVs seen denting copper demand growth potential - Autoblog

and rivals are being engineered for efficiency in a way that cuts copper content, changes that could limit demand growth for the metal as the next-generation of EVs hits the road, industry analysts say., means copper demand will continue to grow for the remainder of the decade, but innovation in EVs has emerged as a limiting factor, according to two recent forecasts.electric cars

CRU Group lowered its estimate for copper usage in an average EV to 51-56 kgs between this year and 2030. That was down from its previous forecast of 65-66 kgs over the same period. "It may be the first crack in the story on the demand side," CRU analyst Robert Edwards said."Some of the projections out there have been very aggressive in terms of potential green energy demand ."

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