The impact of vehicle sizes on mineral demand in the EV market
Originally posted on Mining.com
Source: Benchmark Mineral Intelligence
As the electric vehicles (EV) market grows, a debate is developing about the amount of minerals needed to supply the demand for EV batteries.
Following the US’ push for electrification with the Inflation Reduction Act, the European Union recently unveiled its Critical Raw Materials Act to “significantly improve” domestic extraction, processing, and recycling capacity for metals such as lithium and rare earths.
Other nations like Canada and South American countries are also discussing how to benefit from the expanding market.
The infographic above by Benchmark Mineral Intelligence demonstrates how different models and battery types impact critical mineral demand.
While a Tata Motors Tiago battery contains only 1.1kg of lithium carbonate equivalent (LCE), a Tesla Semi truck requires over 500kg of LCE to operate.
