Australian mining industry well positioned to reap from electric vehicles push
The push to electric vehicles(EV) is gathering pace. Since 2010, more than 14 countries and 20 cities have proposed banning the sale of fossil fuel powered passenger vehicles in the near future. Since 2011, the global EV market has grown by 40 – 70% y-o-y with more than 2.1 million EVs sold in 2019. VW has announced a Euro 25 billion program to develop a comprehensive range from affordable to luxury vehicles. It is expected that EV penetration rate will reach 13% by 2025[1].
A key component of the EV is the battery. Australia has 9 of the 10 metal components that goes to make these batteries and Australian mining industry is positioning itself to become the global powerhouse to compete with China.
This presentation will go through the drivers for EV batteries, stationary batteries, key minerals, geographies, production costs and market values and environmental costs in trying to reduce the impact on climate change. |
![Mohan Seneviratne Mohan Seneviratne has over 40 years of experience in Climate Change and Water. Until his retirement in 2020 from the International Financial Corporation (IFC) a member of the World Bank Group, he held positions as the Global Lead for Water, Principal Industry Specialist Climate Business, Lead for Biofuels and Circular economy and Global Lead for Textiles. Currently he is on a panel as an accredited international expert for the US$10 billion Green Climate Fund and a consultant for the World Bank. Prior to joining IFC, he served as the Director of Water Efficiency, Queensland Water Commission, Australia, as well as the Program Manager for Business Water Conservation, Sydney Water, Australia, which won the prestigious 2006 Stockholm Industrial Water Award and Banksia Award. Mr. Seneviratne has also worked at the Chevron US$10 billion oil and gas project in Tengiz Kazakhstan, Program manager of Cleaner Textiles in Bangladesh, Water treatment in Sri Lanka, Saudi Arabia, UAE, Thailand, USA and Australia. He holds a MSc. Chem. Eng (Hons) in Petrochemical Technology (Gubkin University, Moscow, USSR), MBA (Deakin University, Australia) and a Post Graduate Diploma in Applied Finance and Investment (Australia). Mr. Seneviratne authored two books - “A Practical Approach to Water Conservation for Commercial and Industrial Facilities” (Elsevier, 2006) and Wastewater Treatment for The Textile Industry, 2017. Australian mining industry well positioned to reap from electric vehicles push The push to electric vehicles(EV) is gathering pace. Since 2010, more than 14 countries and 20 cities have proposed banning the sale of fossil fuel powered passenger vehicles in the near future. Since 2011, the global EV market has grown by 40 – 70% y-o-y with more than 2.1 million EVs sold in 2019. VW has announced a Euro 25 billion program to develop a comprehensive range from affordable to luxury vehicles. It is expected that EV penetration rate will reach 13% by 2025[1]. A key component of the EV is the battery. Australia has 9 of the 10 metal components that goes to make these batteries and Australian mining industry is positioning itself to become the global powerhouse to compete with China. This presentation will go through the drivers for EV batteries, stationary batteries, key minerals, geographies, production costs and market values and environmental costs in trying to reduce the impact on climate change.](https://www.elanka.com.au/wp-content/uploads/2021/05/Australian-mining-industry-well-positioned-to-reap-from-electric-vehicles-push03-304x400.jpg)
