E-MOBILITY


EV A THECCELERATION


How metals and mining companies can sustainably meet growing demand from the electric vehicle sector


The acceleration of the EV sector is placing new demands for raw materials on the mining industry


T


he transportation sector is one of the world’s major polluters, accounting for around one fifth of


all global CO2 emissions. And of transport’s footprint, three quarters comes from road travel, such as cars, buses, trucks and more. So, to help minimise emissions and reach wider environmental targets, the world must switch from traditional vehicles, powered by fossil-fuelled internal


combustion engines (ICEs), to electric vehicles (EVs). Fortunately, this shift already looks set to be in motion. Research from Frost & Sullivan


shows that the global EV market, including hybrid EVs (HEVs), grew by around 75% in 2021. In units, this amounts to 14.5 million EVs and HEVs, or around one in 10 of all vehicles sold throughout the year. The fact that this growth unfolded despite sweeping industry setbacks, like supply chain


issues and pandemic-related labour shortages, shows that the world’s commitment to sustainable travel is becoming increasingly unwavering. But while this is positive news for the environment, it also brings sweeping challenges to the metals and mining market.


HEAVY METAL DRIVING By 2025, EV sales are expected to make up 18% of all vehicle sales,


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