Electric cars to reshape copper and oil demand – Mining.com
Mining.com reports that, according to Bloomberg New Energy Finance, electric vehicles (EVs) could displace 2 million barrels a day of oil demand as early as 2023. “That would create a glut of oil equivalent to what > triggered the 2014 oil crisis.” At the same time,140 million EVs will boost copper demand to 11 million tonnes, with new demand equal to more than 1/3 of current copper demand.