Electrification Goals Hampered by Copper Shortage, Study Finds

Los Angeles CA (SPX) May 16, 2024

Copper cannot be mined quickly enough to meet U.S. policy guidelines for transitioning to renewable energy, according to a University of Michigan study. The Inflation Reduction Act, signed into law in 2022, requires 100% of cars manufactured to be electric by 2035. However, an electric vehicle needs three to five times as much copper as a combustion engine vehicle, in addition to the coppe