EV Sales May Not Be Enough to Reach Global Emissions Goal

The report highlights a significant increase in EV sales, expected to more than double by 2026, driven mainly by China, Europe, and the Nordics. Financially, this translates to trillions in sales, impacting the commodity sector. The report also discusses the nearing peak of road oil demand and the subsequent decline, alongside a surge in demand for commodities like manganese and lithium, posing extraction and processing challenges.

Which region is expected to have the highest percentage of EV sales by 2026?

• China

• Europe

• The Nordics

• United States

By 2050, what is the projected global worth of EV sales?

• $100 trillion

• $30 trillion

• $57 trillion

• $9 trillion

What is the expected impact of EV sales on road oil demand by 2040?

• Increase by 20%

• Decrease by 20%

• Remain the same

• Double

Which commodity is expected to see a 30 times increase in demand due to the EV market?

• Lithium

• Manganese

• Phosphorus

• Iron

Which country currently dominates the market for lithium extraction and processing?

• United States

• Australia

• China

• Germany