CRU: Does "Range Anxiety" Matter for Copper Demand - Analysing the Impact of EV Infrastructure Build Out

LONDON, December 11, 2017 /PRNewswire/ --

A global infrastructure revolution is required to support mass diffusion of Electric Vehicles (EVs). The buildout of this infrastructure will drive growth in global copper demand, as it is required both for the construction of electric vehicle charging points, and the development and upgrading of power networks. However, the scale of these impacts will substantially depend on the type of infrastructure constructed, future battery performance, and the ability and willingness of consumers to depart from the current behavioural norms of liquid fuelling.

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Car ownership is a defining aspiration of the global middle classes. With retail gasoline networks well developed globally, the current generation of drivers are accustomed to driving with frequent and unrestricted access to refuelling stations. The growing ranks of new and potential battery powered vehicle owners, however, are reliant on a new, comparatively underdeveloped infrastructure system.

As electric vehicles become more common, "range anxiety" - the fear that a vehicle might not have power to reach the next available charging station - is a potentially important issue affecting the success of any transition to electric vehicles. How will vehicle manufacturers, policy makers and others involved in the ongoing transformation of auto value chains overcome such consumer concerns?

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About CRU 

CRU offers unrivalled business intelligence on the global metals, mining and fertilizer industries through market analysis, price assessments, consultancy and events.

Since our foundation by Robert Perlman in 1969, we have consistently invested in primary research and robust methodologies, and developed expert teams in key locations worldwide, including in hard-to-reach markets such as China.

CRU employs over 260 experts and has more than 10 offices around the world, in Europe, the Americas, China, Asia and Australia - our office in Beijing opened in 2004.

When facing critical business decisions, you can rely on our first-hand knowledge to give you a complete view of a commodity market. And you can engage with our experts directly, for the full picture and a personalised response.

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SOURCE CRU