Electric hype, hidden costs
Financial Express Delhi|January 04, 2025
INDIA MUST EMBRACE A BROADER, MORE INCLUSIVE VISION OF CLEAN MOBILITY
M MUNEER

The electric vehicle (EV) revolution has been lauded as a game-changer in the fight against climate change, promising to reduce carbon emissions and promote sustainable transportation.

Governments worldwide are investing heavily in this transition through subsidies, policies, and infrastructure development.

While EVs undoubtedly play a role in reducing emissions, the narrative surrounding their unblemished benefits deserves a closer look. An analysis reveals that the EV revolution is not the panacea it is portrayed to be.

Resource constraints, environmental implications, and socio-economic challenges raise questions about the long-term sustainability of this shift.

At first glance, EVs seem like an environmental savior, producing zero tailpipe emissions. But this ignores the significant resource demands and environmental costs tied to their production, especially the manufacturing of lithium-ion batteries, their main engine.

Lithium and cobalt, critical components of EV batteries, are extracted at a staggering environmental and social cost.

Around 70% of the world's lithium reserves are concentrated in the "lithium triangle" of Argentina, Chile, and Bolivia, where mining operations are water-intensive, depleting resources in already arid regions.

Cobalt, predominantly sourced from Congo, presents an equally troubling scenario.

Reports of hazardous working conditions, child labor, corruption, and geopolitical tensions prevail in the dark underbelly of cobalt mining.

The skyrocketing demand for these minerals risks triggering resource scarcity and "resource wars" as nations vie for economic power driven by fuel—whoever controls the fuel gains power.

Producing an EV is significantly more energy-intensive than manufacturing a traditional internal combustion engine (ICE) vehicle.

この記事は Financial Express Delhi の January 04, 2025 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Delhi の January 04, 2025 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

FINANCIAL EXPRESS DELHIのその他の記事すべて表示
Financial Express Delhi

Golden Globes: The Brutalist, Emilia Perez grab top honours

THE BRUTALIST, THE story of a Holocaust survivor who chases the American dream, and musical thriller Emilia Perez took home the first major movie honours of Hollywood's awards season at the Golden Globes.

time-read
1 min  |
January 07, 2025
Financial Express Delhi

Top IITs see a drop in campus placements

● More students likely getting jobs independently

time-read
2 分  |
January 07, 2025
Financial Express Delhi

ICC explores two-tier Test cricket system

ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points

time-read
1 min  |
January 07, 2025
Financial Express Delhi

US set to lift curbs on Indian nuclear entities

EYEING DEEPER ENERGY TIES

time-read
1 min  |
January 07, 2025
Financial Express Delhi

D-Street catches flu

HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.

time-read
1 min  |
January 07, 2025
Financial Express Delhi

Consent manager framework: A key Big Tech concern

CONSENT MANAGERS MUST meet stringent registration criteria, including being based in India with a minimum net worth of ₹2 crore and implementing robust security measures to prevent data breaches.

time-read
1 min  |
January 07, 2025
Financial Express Delhi

Q-comm boost to gig worker hiring in 2025

THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.

time-read
1 min  |
January 07, 2025
Financial Express Delhi

Eight jawans among 9 killed in Naxal attack

IN THEIR BIGGEST strike on security forces in Chhattisgarh in two years, Naxals blew up a vehicle using an improvised explosive device weighing 60 to 70 kg, killing eight security personnel and their civilian driver in Bijapur district on Monday, police said.

time-read
1 min  |
January 07, 2025
Financial Express Delhi

Banks: Slower loan growth a worry

Asset quality concerns ease

time-read
2 分  |
January 07, 2025
Financial Express Delhi

Cautious outlook for auto companies in Q3

● No segment shows growth except tractors

time-read
1 min  |
January 07, 2025