EVs to trigger nine-fold copper demand surge
Copper demand will jump from 185,000 tonnes in 2017 to 1.74 million tonnes in 2027 as electric vehicle (EV) production ramps up, according to a study commissioned by the International Copper Association. Internal combustion vehicles require up to 23 kg of copper, a plug-in hybrid EV uses 60 kg, and a fully electric vehicle uses EV 83 kg. EV chargers use at least 700 grams of copper and as much as 8 kg in superchargers, said Franco Gonzalez, a senior technology analyst at IDTechEx.
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