388 new mines must be built by 2030 to satisfy electric vehicle mandates
VANCOUVER—To meet international government mandates for electric vehicles (EV), a total of 388 new mines must be built to produce the metals required for EV production, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
“The sheer scale of mining required to meet EV mandates raises serious questions about the timelines being imposed by governments,” said Kenneth Green, senior fellow at the Fraser Institute and author of Can Metal Mining Match the Speed of the Planned Electric Vehicle Transition?