00:01Demand for electric vehicles could face something of a rocky road ahead, with experts warning
00:06of a possible supply chain bottleneck.
00:09The Ellen MacArthur Foundation, which promotes more efficient use of materials, is calling
00:13for an urgent redesign of EV batteries, with an emphasis on repair rather than replacement.
00:20Juliet Mann has been speaking to Wenyu Wang from the Foundation.
00:24I think when we talk about the energy transition, most people think about clean power.
00:29So we think about solar and wind and renewables, all that good stuff.
00:33But it's important to remember that energy transition is more than just power.
00:37It's about decarbonizing industries, decarbonizing heat on a cold day like this, and decarbonizing
00:42transport.
00:44And if you want to decarbonize transport, EVs are completely indispensable.
00:48So from that perspective, we know that EV is the backbone of energy transition.
00:51But it goes beyond that.
00:53We also know that today, in an average EV, you have many more times the number of critical
00:58minerals that you will otherwise find in an internal combustion engine car.
01:02So the other reason that EVs are the backbone, it's not just because of the role that they
01:05play in the energy system or the mobility system, but also the tremendous value that
01:10you find in the critical minerals inside those batteries.
01:13You talk about a mineral-centric economy, but at the Ellen MacArthur Foundation, you're all
01:18about the circular economy.
01:20Why is that particularly key when it comes to electric vehicles?
01:24Yes, exactly.
01:25So because the economy is going to move towards a more mineral-centric economy, driving not
01:30only EV batteries, but renewables, digital infrastructure like data centers, we see this
01:35as a huge opportunity.
01:37Because these critical minerals are incredibly valuable.
01:40So when you make them more circular, this is a logical way of getting the most value out
01:45of these critical minerals.
01:46So from our perspective, circular economy not only addresses the volatility and the risk of
01:51economy that is very dependent on critical minerals, but it also addresses upsides.
01:56So it means society and businesses can get more out of every single atom of critical minerals
02:01that it mines.
02:02It will make the critical minerals go a much, much further distance, and that's a good thing
02:06for society.
02:07So collaboration, that's the buzzword.
02:09Who's going to lead the charge?
02:11Is it China?
02:12I think China is an indispensable mover in the progress towards a more circular economy for
02:18critical minerals.
02:19We know, and we can see already today, that there are innovative technologies and innovative
02:24business models coming out from China.
02:25But at the end of the day, to have a holistic circular economy requires international collaboration.
02:30Thank you here.
02:33Thank you very much,lerin.
02:34Thank you, Susan.
02:35I wanted to ask this question.
02:36đã located Anne
