Clean energy technologies depend on the reliable and growing supply of critical minerals and metals, far more so than the old fossil fuel world. An EV uses five times the quantity needed by a conventional car, and an onshore wind plant requires eight times that of a gas-fired plant of the same capacity. Hence, electric transport and grid storage are now the largest consumers of lithium and cobalt. Examples of rising consumption abound for other … [Read more...]
“All new vehicles sold must be electric by 2030” but can your nation, state, city do it?
More and more nations, states and cities are announcing plans for the ramping up of EV adoption. Jim Conca takes a look at his home, Washington State in the U.S., where all new vehicles sold must be electric by 2030. He says the new rules imply his state will have 4 million EVs on the road by 2045, up from 52,000 today. He carefully crunches the numbers to see if this target is realistic. The good news is that grid capacity will only need to rise … [Read more...]
Will Toyota’s new battery design solve the looming shortage of vital metals for renewables?
We all know the important part played by lithium in battery manufacture. But there is a longer list of metals - including copper, cobalt and neodymium – that must ramp up supply for the continued rapid growth of EVs, solar, wind and other renewables technologies. EVs alone will increase the consumption of copper nine-fold by 2027. Cobalt prices already doubled in 2017. Neodymium use will rise by 700% in the next few decades to satisfy our need … [Read more...]
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