Fraser Institute News Release: 388 new mines must be built by 2030 to satisfy electric vehicle mandates
“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?
- “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?
- Again, to meet international EV mandates, a total of 388 new mines must be built to provide the necessary minerals including nickel and lithium.
- For context, as of 2021, only 270 metal mines operated in the U.S. and only 70 operated in Canada.
- For example, lithium production takes between six and nine years, and nickel production takes between 13 and 18 years.