As the demand for electric cars is increasing, it's slowly capturing the market of commercial cars. Globally the market share for EV Vehicles has reached over 14 % in 2022 compared to 9% in 2021. Electric Cars are going to be fabulous with new technology going into them such as AI and all fancy features!
The lithium-ion batteries which are installed in EV Vehicles use five major minerals to operate which are graphite, cobalt, lithium, manganese, and nickel. Half of the world's cobalt originates from the Democratic Republic of Congo, China produces the most Graphite, South Africa produces the most manganese, Australia is the biggest supplier of lithium, and Indonesia is the biggest producer of Nickel. Most of these countries have large forest areas rich in resources and biodiversity.
But we need to extract these minerals which mostly originate from forested areas. That's where the problems arise. We are so busy extracting these minerals that we are forgetting they support climate change. To meet the demand for critical strategic minerals we will need 3 billion tons of them by 2050.
It's not just the case for EV Vehicles. West African Forests are being felled for wood pellets to heat green homes in Europe and Indonesian Rainforests are being felled for Palm Oil Plantations for producing biofuels. Why are we not paying attention to the small things which compose our luxuries that can change the world forever we live in?
We are also supporting the rapid growth of child labor too. This can be observed in the Democratic Republic of Congo where no protection is being provided from toxic air and waste which occurs during mining. This is affecting the health of people.
We need to tackle these problems before going ahead with our future plans for renewable energy or we will fail completely and create more problems in the future.