BHP, world's largest miner, says 2017 is 'tipping point' for electric cars
This year looks set to be the “tipping point” for electric cars, Arnoud Balhuizen, chief commercial officer at BHP (BLT.L), said on Tuesday, adding that the impact for raw materials producers would be felt first in the metals markets and only later in oil.
“In September 2016 we published a blog and we set the question - could 2017 be the year of the electric vehicle revolution?” he said in an interview.
“Yes, 2017 is the revolution year we have been speaking about. And copper is the metal of the future.”
Electric cars add up to roughly 1 million, out of a global fleet of closer to 1.1 billion - but BHP forecasts that could rise to 140 million vehicles by 2035.
