Electric hype, hidden costs
Financial Express Hyderabad|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.

This story is from the January 04, 2025 edition of Financial Express Hyderabad.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 04, 2025 edition of Financial Express Hyderabad.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS HYDERABADView All
Financial Express Hyderabad

Top IITs See a Drop in Campus Placements

● More students likely getting jobs independently

time-read
2 mins  |
January 07, 2025
Financial Express Hyderabad

Top IITs see a drop in campus placements

• More students likely getting jobs independently

time-read
2 mins  |
January 07, 2025
Financial Express Hyderabad

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 Hyderabad

US set to lift curbs on Indian nuclear entities

THE US GOVERNMENT is in the process of removing restrictions on Indian nuclear entities, its national security adviser (NSA) Jake Sullivan said on Monday, in a bid to forge deeper energy ties with New Delhi and bolster a 20-year-old landmark nuclear deal.

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

Dam over Brahmaputra not to impact water flows to India

CHINA ON MONDAY reiterated its plan to build the world's biggest dam over the Brahmaputra River in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries -- India and Bangladesh.

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

D-Street catches flu

HEADWINDS FOR MARKETS

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

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 Hyderabad

Banks, NBFCs See Hit to...

THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.

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

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 Hyderabad

Cautious outlook for auto companies in Q3

No segment shows growth except tractors

time-read
1 min  |
January 07, 2025