https://www.prnewswire.com/news-releases/sales-of-electrified-vehicles-jump-up-81-in-the-first-quarter-of-2021-301271713.html
Sales of Electrified Vehicles Jump Up 81% in the First Quarter of 2021
- Electrified vehicle volume in the U.S. - combined sales EV, hybrid, and plug-in hybrids - surpasses 300,000 in Q1.
- Cox Automotive estimates electrified vehicle sales accounted for 7.8% of total market in first quarter, up from 4.8% in Q1 2020.
- Strong Toyota hybrid sales, new EVs entries, driving growth of electrified vehicle sales.
Considering 1 EV uses 4X the amount of copper than a ICE car, I'd say demand is increasing quite well.
Although copper price has come off a little in the last week, I would think that is only a temporary state of affairs with copper demand increasing.
Copper Price news, page-11
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