Category: raw materials

Can Electric Vehicle Targets Be Met?

This post is by Tessa Di Grandi from Visual Capitalist

The following content is sponsored by KGP Auto

Can Electric Vehicle Targets Be Met?

By 2040, just 38% of the automotive market will be made up of battery electric vehicles (BEVs). The problem is, this number needs to hit at least 65% in order to reach net-zero targets.

The above infographic sponsored by KGP Auto explores this theory further, and breaks down some of the key reasons why the EV market needs to urgently shift gears in order to make mass adoption a reality. First, let’s take a bird’s eye view of the market for context.

The EV Market So Far 

In 2021, global electric vehicle sales doubled—however some regions contributed a lot more than others.

China, Europe, and the U.S. made up nearly two-thirds of the EV market and 95% of total electric car sales in 2021. In fact, China sold more electric cars in 2021 than the rest of the world combined in 2020.

Global forecasts for EV rollouts vary, with countries around the world pledging targets for 2035 and 2040. At The UN Climate Change Conference (COP26), more than 100 stakeholders signed a declaration to speed up the transition to 100% zero emission cars and vans by 2035-2040. 

Why Is It Unlikely We Will Meet Targets?

Even as pledges vow to increase the forecast share of EV adoption, we still need to (Read more...)

Visualizing Raw Material Inflation in Canada

The following content is sponsored by Canadian Manufacturers & Exporters.

Raw material inflation in Canada

Raw Material Inflation in Canada

Inflation in Canada is climbing, and it has impacted the raw materials manufacturers use to produce goods. In fact, raw material prices have climbed 37% year-over-year on average.

More than half of manufacturers say this is one of their top challenges. In this graphic from Canadian Manufacturers & Exporters (CME), we show which materials have seen the biggest price spikes over the last year.

Inflation by Raw Material

The table below shows the rate of inflation in Canada for select raw materials from May 2021 to May 2022.

Raw MaterialCategoryPrice Change
(May 2021-May 2022)
CoalCrude Energy95.2%
Crude Oil & BitumenCrude Energy85.0%
Natural GasCrude Energy50.3%
Beans, Peas, & LentilsCrops43.3%
Logs & Forestry ProductsForestry Products & Natural Rubber42.1%
Scrap MetalMetal Ores & Scrap40.3%
PotashNon-metallic Minerals24.7%
Fish & Fishery ProductsAnimal Products23.7%
Lead & Zinc OresMetal Ores & Scrap21.2%
Cattle & CalvesAnimal Products10.2%
Eggs in ShellAnimal Products8.4%
PoultryAnimal Products8.3%
Sand, Gravel, & ClayNon-metallic Minerals8.1%
Fresh Fruit & NutsCrops8.0%
Nickel OresMetal Ores & Scrap5.8%
Tin, Iron Alloys, & Other OresMetal Ores & Scrap3.3%
Gold OresMetal Ores & Scrap2.1%
Natural RubberForestry Products & Natural Rubber1.4%

Crude energy materials led the rise, with the price of (Read more...)