Home » Market News » DirectorsTalk Highlights » Copper Drives Electric Vehicles
Georgian Mining Corp

Copper Drives Electric Vehicles

The market for electric vehicles (EV) is rapidly changing as leading manufacturers debut new products, battery prices drop and government incentives continue around the world. Copper is essential to EV technology and its supporting infrastructure. The evolving market will have a substantial impact on copper demand.

Projections for Increased Electric Vehicle Demand 1 million + vehicles – the number of annual sales of PEVs by 2023. This will reach more than 7 percent of annual vehicle sales by 2025. 7 million – the number of vehicles projected to be on U.S. roads by 2025, up from 567,000 today. This makes up 3 percent of the 258 million vehicles, including cars and light trucks, expected to be registered in the U.S. in 2025.

Georgian Mining Corp (LON:GEO) is an AIM listed copper & gold development and exploration company that operates mainly in Georgia on the prolific Tethyan Belt.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.