Olea said in an interview on Friday that the association has been preparing for the possible boom of the electric vehicle industry as more countries, including the Philippines, have been shifting from fossil-run vehicles to more environment-friendly electricity-run vehicles to curb carbon emission.
The executive added that manufacturing plants’ demand for stainless steel, which is also made of nickel, would also increase. She said the European Union targets to totally eradicate carbon emission by 2030 while the US eyes to minimize carbon by offering incentives to motorists using electric vehicles.
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