IDTechEx Finds EVs Will Make Mining Cleaner and Cheaper
The use of EVs in global mining is on the rise and could be set to change attitudes towards the industry at large.
- The use of EVs in global mining is on the rise and could be set to change attitudes towards the industry at large.
- The new IDTechEx report, " Electric Vehicles in Mining 2024-2044: Technologies, Players, and Forecasts ", finds that the electric mining vehicle market is on the cusp of rapid growth, with a 20-year CAGR of 38% forecasted.
- This article will explore these factors to demonstrate why mining companies and vehicle manufacturers have been so keen to embrace electrification.
- The introduction of electric haul trucks and other electric mining vehicles creates huge potential for the decarbonization of mining and allows mining companies and OEMs to meet their individual emissions targets.