Aluminium’s mass-market EV opportunities not clear-cut

The long-awaited ‘tipping point’ for battery electric vehicles (EV) may finally be upon us. With over 100 models scheduled for launch by 2024 from a wide variety of OEMs, it seems likely that the once niche technology will begin to arrive on the road in more meaningful numbers. Last year, 1.3 million units were sold, making up only 1% of global sales. Figures from McKinsey suggest that by 2030, EV sales could take a 20% to 25% share globally, and a 30% to 35% share in major markets like China, Europe and the US.

This presents aluminium suppliers with an apparent