Silver & Electric Vehicles?



Silver is already a key component in cars today because cars use computers and computers use silver. Silver also shows up in other places such as in the glass windshield to help with defogging. Looking ahead though, as electric vehicles grow in number, silver looks to be potentially important there too. One of the negatives with electric vehicles is the driving range in miles for the car before the batteries have to be recharged and also the entire lifetime of the batteries which are expensive to replace. Silver may help with those problems as the video below explains. It seems using silver in new test batteries at Samsung achieved some important potential breakthroughs in both areas. The use of silver to potentially improve existing batteries is explained in the video. Silver shows up at around the 3:40 mark





A battery with a 500 mile range (or more) and that can be recharged over a lifetime of 500,000 vehicle miles would be a major improvement over the technology in electric vehicles today. Longer life batteries could have energy applications beyond just electric vehicles as well. Everywhere you turn, it seems like silver offers promise for the future. 

For a deeper dive into how silver is used in cars today and expected to be used in electric vehicles in the years ahead, take a look at this report - The Impact on the Silver Market of the Auto Sector Electrification. Here is an excerpt from that report:

"Automotive silver usage is thus expected to grow by an annual average of almost 4.8% per annum. By 2040, the industry could be absorbing over 4,500 tonnes of silver annually, up by almost 3,000 tonnes against today’s levels, a gain equivalent to just under 10% of current global demand."

Added note 3-3-21: Silver Use in Auto Industry to Approach 90 Million Ounces by 2025


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