Copper is no longer just a commodity story. It is quietly becoming a bigger cost across the economy.
An ICE car: 20–25 kg of Copper
EV: 80–85 kg Copper
~4x more copper
ICE 2Wheeler : 2.5–3 kg
Electric 2Wheeler: 8–10 kg
~3x more copper
Electric bus: 250–300 kg
But the interesting part is what happens when copper prices rise.
Electronics and appliance makers are already passing on higher input costs. Some companies are stocking raw materials and components ahead of the festive season, while distributors are seeing margin pressure.
And for EV manufacturers, copper isn’t an input that can simply be eliminated. Aluminium can substitute in some applications, but not everywhere.
The takeaway isn’t simply “copper prices will rise.”
It is about understanding how a single raw material can ripple through manufacturing costs, pricing, margins and the economics of electrification.
That is where the second-order impact gets interesting.
