Clarifying impact of powertrain electrification on platinum

Global market authority on physical platinum investment the World Platinum Investment Council (WPIC) believes that the market is overestimating the negative impact of powertrain electrification, the movement to electric vehicles (EVs), on platinum demand. This is according to the WPIC’s July Platinum Perspectives newsletter, in which the council says the market assumption is that EVs do not contain platinum, as some market participants confuse EVs and battery electric vehicles (BEVs). It ...