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Electric Vehicle Market Drives Copper Demand
With the introduction of a variety of new electric vehicles to the market, electric vehicles are expected to usher in explosive growth in 2018.
Ten countries in the world are in the forefront of the electric vehicle industry and their market share amounts to 95%. Sorted by market share, these countries are China, the United States, Norway, the United Kingdom, France, Japan, Germany, the Netherlands, Sweden, and Canada. Thanks to technological improvements, price cuts and the popularity of charging stations, it is expected that by the year 2025, one sixth of vehicles will be driven by electricity.