Silver Consumption in Global Automotive Sector To Approach 90 Million Ounces by 2025
Silver Consumption in Global Automotive Sector To Approach 90 Million Ounces by 2025
Silver Consumption in Global With modern cars using more silver than ever in their
advanced technology components, the worldwide
automotive sector could need nearly 90 million ounces
Automotive Sector to Approach 90 (Moz) annually of the metal by 2025, according to a
recently-published report by the Silver Institute.
Million Ounces By 2025; In four years, silver consumption in the automotive
sector should rival that of the photovoltaic industry,
Should Challenge Silver Usage in forecast to reach 98 Moz in 2025, and currently the
Photovoltaic Industry largest application of global industrial silver demand,
according to the report Silver’s Growing Role in the
Automotive Industry, produced on behalf of the Silver
Institute by Metals Focus, an independent precious metals
consultancy.
The report, part of the Silver Institute’s series of Market
Trend Reports, examines trends in automotive production,
including the growth and evolution of hybrid and battery
electric vehicles. It also addresses transportation policies
that favor vehicle electrification in some of the world’s
most important vehicle markets.
Highlights of the report include:
• Silver’s widespread use in automobiles reflects its
superior electrical properties, as well as its excellent
oxide resistance and durability under harsh operating
environments;
• Silver is used extensively in vehicle electrical control
units that manage a wide range of functions in the
engine and main cabin. These functions include
infotainment systems, navigation systems, electric
power steering, and safety features, such as airbag
deployment systems, automatic braking, security and
Silver is used in the vast majority of automobile devices like the ones shown here. driver alertness systems;
• Average vehicle silver usage, which is currently
estimated at 15-28 grams (g) per internal combustion
engine (ICE) light vehicle, has been rising over
the past few decades. In hybrid vehicles, silver use
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