Accelerating EV progress: Achieving sustainability in the metals and mining industry

The global transport sector remains a significant contributor to the planet’s pollution, responsible for approximately 20 percent of the world’s total CO2 emissions. Within this sector, three-quarters of the carbon footprint originates from road-based travel, including buses, trucks and other vehicles. To curb emissions effectively and attain broader environmental objectives, a pivotal shift is needed.

08/01/2024 10:49:02

Such a shift means a departure from conventional vehicles propelled by internal combustion engines reliant on fossil fuels, and instead a move towards embracing electric vehicles (EVs). The momentum for this transformation is already gaining traction.

Research by Frost & Sullivan reveals a remarkable 75 percent surge in the global EV market in 2021, including hybrid EVs (HEVs). This translates to a notable 14.5 million EVs and HEVs sold or approximately 10 percent of the total vehicles sold during that year.

Remarkably, this surge continued amid significant industry challenges like supply chain disruptions and pandemic-induced labour shortages. While this is encouraging news for the environment, it brings in challenges for the metals and mining sector.

Read the full article in DPA's January 2024 issue