Have you ever wondered…
How much copper is in an electric vehicle?
You might think of pennies when you think of copper, but while penny production has ended, the transition from a carbon-based economy to a low-carbon economy via renewable energy sources, especially solar & wind power, will require copper. A lot of copper!
One of the bes metals for thermal and electrical conductivity is Copper; making it essential for the storage and transmission of electrical energy.
As governments around the world set targets for reducing the production of greenhouse gasses (GHGs), many auto manufacturers have announced that they will stop building vehicles powered by internal combustion engines (ICE) and switch to only building hybrid, or fully electric vehicles (HEVs).
On January 28th, 2021, General Motors announced that it will only manufacture EVs after 2035, with the aim to go entirely carbon neutral by 2040.
Electric vehicles don’t need gasoline, but they do require a significant amount of copper. Furthermore, a small ICE vehicle requires 22 kg of copper while HEV requires 40 kgs.Consider the infographic below.
How much copper is in an electric vehicle?
EVs require on average 83 kgs (183LB) of copper per vehicle, an increase of 277% from ICE vehicles!
What does this mean for mining?
The demand will increase as more car companies follow these footsteps and the world goes electric.
Auto manufacturers are increasingly looking for economic sources of Copper, and large discoveries are becoming less common.
Can I invest in this copper boom?
If you are interested in copper and how you can take advantage of this giant shift, equity holding Core Assets Corp. (CSE: CC) is a Canadian early-stage mineral exploration company focused on acquiring and developing their property in Northern BC, which is indicating a potentially large deposit of copper. This land cumulatively covers a land area of 148.15 km² in the Atlin Mining District, a well-known mining camp. Also, the Atlin Mining District has been the focus of Core Assets exploration efforts since 2018, due to an increase in exploration activities forecasted moving into 2021.
For more information please visit their website and sign up to receive their news releases.