Are electric vehicles really eco-friendly?

Follow us on Google News:
 Are electric vehicles really eco-friendly?
Image source: © Patongens | Megapixl.com
                                 

Highlights

  • Legacy car players, including Volkswagen, Audi, General Motors are quickly turning their fleets electric.
  • As per the IEA, demand for battery metals is anticipated to rise by more than 30 times in 2050.
  • The higher demand for battery metals pushed miners to commence strip mining.

Global electric vehicle (EV) sales more than doubled to 6.6 million units in 2021, as per the International Energy Agency (IEA). Though Tesla remains the king of the electric car market with 14% of the overall EV market, several new automotive players have also entered the market.

At the same time, legacy car players including Volkswagen, Audi, General Motors are quickly turning their entire fleet electric with an aim to become fully electric by the end of this decade.

With a sharp rise in EV sales, demand for battery minerals  is also anticipated to grow in tandem. Most of the batteries used in EVs are lithium-ion batteries (LIBs), which require lithium, cobalt, graphite, nickel, manganese and other minerals.

Battery minerals

Source: © Malpetr | Megapixl.com

The IEA foresees the demand for battery metals and electric vehicles to multiply by more than 30 times to 12.7Mt in 2050 against their 2020 levels, based on the agency’s Sustainable Development Scenario. Furthermore, the miners need to ensure that the extraction of these minerals is done in an eco-friendly manner so that it can fulfil zero-carbon targets.

Also read: Is there a massive global energy crisis in the offing?

Are EVs environment-friendly?

While electric cars and trucks go mainstream, they have consistently faced a challenge: Are they really eco-friendly as advertised? The entire objective of switching to EVs is to save the planet from adverse effects of burning fossil fuels and curb greenhouse emissions. But various research studies found that the extraction of battery minerals used to manufacture batteries is not eco-friendly and could affect the environment severely in the long term.

Recently, a research study conducted by an aerial photographer in South America has revealed vivid hues of lithium fields caused by varying concentrations of lithium carbonate. The study found that the extraction of lithium harms the soil and causes air contamination.

Likewise, few other studies indicate that deep-sea mining of minerals required to power LIBs could potentially cause irreversible damage to aquatic life. The mining of deep-sea beds could destroy species that are yet to be known by mankind.

Also read: UK mulls ban on China’s investment in the nuclear energy sector

Strip mining and loss of biodiversity

Higher demand for battery metals pushed miners to commence strip mining, a technique in which overlying vegetation, rock, and soil are removed to extract underlying minerals. The practice is very harmful because it may significantly affect the biodiversity of a particular region.

Battery minerals’ extraction

Source: © Martinleber | Megapixl.com

As per a recent study, fishermen in Indonesia's Obi Island have recorded a significant decline in the number of fish in the region due to rising nickel mining and smelting industries. Researchers found that the pollution has turned coastal waters into a “mud puddle” due to high levels of heavy metal contamination.

Good Read: Fortescue makes another green move, buys Williams Advanced Engineering

Bottom Line

The rising demand for electric vehicles, as a part of the road to attaining net neutrality, has pushed demand for battery metals. At the same time, various studies indicate that inappropriate mining practices can significantly affect the environment. Proper extraction of minerals is critical for the energy transition.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.