# EV surge could trigger new commodity supercycle, JPMorgan says 2026-08-08T19:04:11+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet A modern EV requires about 200 kg of minerals, compared to 35 kg for a conventional car, according to investor Advait Arora. JPMorgan data shows global EV sales reached 18 million in 2024, with China holding a 60% share. In India, electric car sales surged 82% year-on-year to 31,788 units in July 2026, driven by high fuel prices. Tata Motors led the domestic market with a 43% share. Industry estimates suggest annual EV sales in India could approach 1 million by 2030, up from 176,817 in 2025. Investors are advised to look beyond carmakers to miners and battery manufacturers. ## Coverage - businesstoday.in Tags: commodity supercycle, copper, critical minerals, EVs, graphite, lithium Canonical: https://indianopinion.org/ev-surge-could-trigger-new-commodity-supercycle-jpmorgan-says/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ev-surge-could-trigger-new-commodity-supercycle-jpmorgan-says/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.