Category: Business

Electric vehicles (EV) are contributing to a cleaner, safer and more energy-efficient environment. Powering this sustainable technology is copper, used for its durability, superior electrical conductivity and reliability. Copper is a major component in EVs used in electric motors, batteries, inverters, wiring and in charging stations. Currently, A pure electric vehicle can contain more than a mile of copper wiring in its stator windings. why copper is essential part in electrical vehicles: In 2016, the number of electric vehicles increased to 2 million globally. Annual sales of PEVs will exceed 1 million vehicles in 2023, reaching more than 7 percent of annual sales by 2025. About 5 million charge ports will be required to support them. In 2016, the estimated amount of copper used in all electric vehicles was nearly 26 million pounds. In the U.K., Prime Minister Boris Johnson announced plans to stop the sale of new diesel and gasoline vehicles by 2030. Israel has announced they will also phase out fossil-fuel vehicles by 2030 Norway plans to remove traditional gasoline powered vehicles from the road by 2025. Wood Mackenzie estimates by 2030, there will be over 20 million EV charging points globally, consuming 250% more copper than in 2019. https://www.ganpatiwires.com/