EVs Drive Silver Demand: Up to 50 Grams Per Electric Car, Auto Industry Sees Surge

• Silver prices fluctuate due to increased industrial use beyond jewelry, especially in mobile phones, solar panels, and cars.
• An average petrol/diesel car uses 15-20 grams of silver, hybrid cars use 18-34 grams, while EVs require 25-50 grams.
• EVs use 67-79% more silver than traditional cars, primarily in battery management, power electronics, and charging systems.
• Silver is crucial for modern car electronics like infotainment, ABS, airbags, ECUs, and sensors due to its excellent electrical conductivity.
• Global automotive silver demand is projected to grow by 3.4% annually between 2025-2031, reaching 3000 tons per year by 2031.

Why It Matters: Electric vehicles significantly boost silver demand due to their high electronic componentry, driving market changes.