Big goals by the Federal Government to have more electric vehicles on the road could hit a theoretical pothole, as energy experts say the nation's copper supply can’t keep up.
"If we were to transition the entire global fleet of vehicles, which is about 100 million new vehicles per year, we need somewhere on the order of 45 to 50 million tons of copper per year by 2050," said Simon. Simon said to meet that goal, we’d be mining copper at a pace we’ve never seen before, 115-percent more. But to even get to that point, we’d need more copper mines themselves. "Existing mines can't double production, it's physically impossible," said Simon.
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