September 4, 2018
Over 1.5 Billion Ounces of Silver Forecast to be Consumed in Crucial Green Technologies Through 2030
“BEVs (Battery Electric Vehicles) and PHEVs (Plug-in Hybrid Electric Vehicles) may collectively account for as much as 17% of
global car sales while hybrids may account for an additional 20% of sales by 2030.”
The ongoing revolution in green technologies, driven by strong growth of new energy vehicles (NEVs) and continued investment in solar photovoltaic energy, should further boost global industrial demand for silver over the next decade and beyond. These sectors, along with silver demand in nuclear power, are explored in a new report, The Role of Silver in the Green Revolution, released by the Silver Institute. The cost of solar photovoltaic (PV) systems has fallen rapidly relative to other electrical energy sources over the past two decades. This is expected to continue over the medium-term. It is estimated that roughly 820 million ounces (Moz) of silver will be utilized by global solar energy applications through 2030.
Please read the complete article in that publication by ‘The Silver Institute’ under the following link: LINK