Electric vehicle (EV) sales were abruptly interrupted in 2020 due to COVID-19. However, the consumer base for these cars isn’t going away any time soon. EVs are becoming increasingly popular thanks to higher environmental awareness, falling costs, and ever-improving infrastructure.

Expected Metal Demand Growth Increase to 2030 in the EV Industry
Nickel	14x
Aluminum	14x
Phosphorus	13x
Iron	13x
Copper	10x
Graphite	10x
Lithium	9x
Cobalt	3x
Manganese	3x

Image credits: VisualCapitalist

Metals Demand on the Rise with growing Electric Vehicles

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Electric vehicle (EV) sales were abruptly interrupted in 2020 due to COVID-19. However, the consumer base for these cars isn’t going away any time soon. EVs are becoming increasingly popular thanks to higher environmental awareness, falling costs, and ever-improving infrastructure.

Expected Metal Demand Growth Increase to 2030 in the EV Industry
Nickel 14x
Aluminum 14x
Phosphorus 13x
Iron 13x
Copper 10x
Graphite 10x
Lithium 9x
Cobalt 3x
Manganese 3x

Image credits: VisualCapitalist

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