More EVs = more mining = more equipment, but not necessarily more miners

Quick Charge

In this special, second vacation episode of Quick Charge, we explore the historic dive in global diesel demand, and how the proliferation of EVs large and small is driving growth in the global mining industry – which, in turn, is driving growth in both the electric & autonomous mining equipment markets.

In this episode, we’ll focus on how the continued push for more lithium, silicon, and phosphate is driving demand for electric mining equipment – and how, in turn, the need for bigger batteries is driving demand for more mined materials. That, and the biggest, baddest electric vehicles you've ever seen.

Give it a watch, then let us know what you think of the role EVs are playing the diesel demand drop in the comments.

Source Links

• Winning: diesel demand hits 26-year low as EV, hydrogen sales boom
• Electric, autonomous tech + EV demand driving mining equipment market growth
• EV battery maker SK On to buy 100k metric tons of Arkansas lithium from ExxonMobil
• North America’s largest lithium mine is full steam ahead – it just got a $2.26B loan
• SafeAI builds first-ever electric, autonomous Caterpillar haul truck conversion
• Caterpillar brings electric equipment ecosystem to CES2024
• Caterpillar is putting MASSIVE 240-ton electric haul truck to work in Vale mine
• This 240t electric mining haul truck can charge in 30 minutes
• Liebherr converted this massive mining excavator to electric power
• Liebherr electric excavator reaches million ton milestone, scores more orders

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