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Innovation in EVs Seen Denting Copper Demand Growth Potential

08 Jul 2023 | Abstracted from US News

"EVs can use as much as 80 kgs (176 pounds) of copper, four times the amount used in a typical combustion engine vehicle...Goldman Sachs said EVs accounted for two-thirds of the global demand growth in copper last year...EV and battery makers have found ways to cut weight and costs that also mean less copper is needed per vehicle...Goldman Sachs estimated copper in an average EV would fall to 65 kgs per vehicle by 2030 compared


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