Development of Electric Vehicles (EV) in Surface & Underground Mining, 2024

As miners strive to reduce greenhouse gas emissions, many are beginning to invest in battery-powered and electric-powered mining fleets as they embark on the long-term goal of diesel displacement.

'The pace of switching to electric mining vehicles is increasing. Underground over 320 LHDs and mining trucks were running on electric power by March 2024, while for surface mines the use of electric-powered mining trucks has been picking up with almost 240 trolley-assist trucks and 129 battery-powered surface trucks.

Key Highlights

The largest combined populations of electric LHDs and underground mining trucks are in Canada (101), followed by China (80), Russia (52), Sweden (34).

Sandvik and Epiroc are the main suppliers of battery and cable-powered electric LHDs and trucks with over 70% of the machines tracked by the analyst.
The largest population of trolley-assist trucks is in Zambia (109), followed by Namibia (56) and South Africa (20).

Hitachi, Komatsu and Liebherr are the main suppliers of trolley-assist trucks with over 90% of the trucks tracked.

Scope

The report analyses the development of electric vehicles in the mining industry, tracking additions over time and specifying the exact brands and models used across each mine. Future plans for further additions or introductions of electric vehicles are included as well as details of the benefits achieved from the use of electric vehicles by miners.

Reasons to Buy

• Track the development of electric vehicles, specifically LHDs, underground mining trucks and trolley-assist trucks, in the mining sector.
• Drill down to numbers of electric mining vehicles by brand and model at each mine
• Compare the use of electric mining vehicles by mining company
• Identify the benefits achieved from the use of electric vehicles by miners.
• View future plans for the introduction of electric vehicles by mine.