EVs Demand Aluminum

By on February 19, 2018 in IN THE NEWS, MATERIAL MATTERS

An analysis by the mining-and-metals industry intelligence firm CRU calculates that aluminum demand from the production of electric vehicles (EVs) will near 10-million tons globally by 2030. The report emphasizes that EVs rely heavily on aluminum-intensive extrusions and rolled products as compared to traditional internal combustion engine vehicles. The report forecasts that global battery-electric (BEV), plug-in hybrid electric (PHEV) and hybrid-electric (HEV) vehicle sales will increase to 42 million cars by 2030, accounting for what the report predicts will be approximately 30 percent of the global car market, as opposed to a share of just 4 percent last year. In particular, housings for e-motors, DC-AC inverters and DC-DC converters, chargers, heat pumps, reduction drives battery casings, foil and housing components are aluminum intensive in such vehicles, the report states. CRU estimated aluminum demand of EVs through data from automobile makers, Tier 1 and Tier 2 automotive suppliers, information gleaned at automotive shows and conferences, and intensive desk-based research.