Automotive experts unpack NEV growth projections, impact on platinum demand
- April 11, 2024
- Infrastructure
- 0 Comments
As new energy vehicle (NEV) sales grow more moderately in reality than what was expected two years ago, demand for platinum group metals (PGMs) in the automotive sector is not trailing off as drastically as may have been expected, a panel of speakers noted during a PGMs Industry Day event hosted, in Johannesburg, on April 10. Circular materials technology company Umicore precious metals management senior VP Bernhard Fuchs said many people believed internal combustion engine (ICE) vehicles would be on the way out by now, but it turned out that the growth of NEVs had been more gradual, with the majority of vehicles on the road remaining ICE-propelled.
Engineering News | Home
