As the world gears up for the United Nations Climate Change Conference (COP-29) in November this year, nations which are most vulnerable to climate change are launching and executing strategies to mitigate the extreme variability and erratic fluctuations in global weather.
With global EV sales approaching 14 million cars in 2023 with a year-on-year growth rate of 35% it is clear that EVs are gaining acceptance rapidly.
Just as the EV revolution was gearing up to become consumer driven, there was an increase in raw material prices, semi-conductor shortages and recently a steep rise in electricity prices. At a time of energy crisis, are EVs still a game changer?
Electrification of light-duty vehicles is trending in many parts of the world and is on track to become a consumer driven phenomenon but let’s not forget the heavy-duty vehicles such as trucks and buses.
Even small quantities of nickel in an application can make a big difference to successful deployment.
Most nickel production is destined for stainless steel. But a significant 8% is used in the production of alloy steels which are needed to deliver specific characteristics for specialised and often critical applications.