ENERGY MINERALS

EU EV sales forecast to double by 2020

Good news continues for battery material equities

Staff reporter
 EU pushes for quicker EV shift. Image: iStock.com/omada

EU pushes for quicker EV shift. Image: iStock.com/omada

EU Energy Union Commissioner Maros Sefcovic called for the step-change at a conference in Germany on Monday.

Moscow-based head of metals and mining research with VTB Capital Dmitry Glushakov said the top energy official's comments were supportive of VTB's case for EV growth.

Sefcovic had also stated that the EU might simplify the registration of electric vehicles, invest €11 billion (US$13 billion) in charging infrastructure and bring battery production back to Europe.

"We see EV sales in the EU more than doubling in the next three years (2020F vs. 2017F), although this is nothing ground-breaking," Glushakov said.

He said this was marginally positive for producers such as Russian nickel giant Norilsk Nickel, whose president Vladimir Potanin recently described the battery sector demand as the "most intriguing long-term growth story".

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.