At the Goodwood festival of speed near Chichester, the crowds gathered at the hill-climb circuit to watch the world’s fastest cars roar past, as they do every year.
But not far from the high-octane action, there was a new, and quieter, attraction: a display of the latest electric vehicles, from the £28,000 Mini Electric to the £2m Lotus Evija hypercar. Even here, at one of the biggest events in Britain’s petrolhead calendar, it’s clear the days of the internal combustion engine are numbered.
As countries strive to meet stringent carbon-emission targets, and vehicle-makers phase out combustion engines, 145m electric vehicles are predicted to be on the roads within a decade, up from 11m last year. The car batteries they require, along with storage batteries for solar and wind power, have sent demand for metals soaring, taking mining firms to the bottom of the sea in the hunt for those metals.
Thousands of metres below the ocean’s surface lie millions of potato-sized rocks known as nodules: a rich source of nickel, copper, manganese and cobalt. In June, an application was filed to start mining these deposits in two years’ time.