Grahame explained that several preventative measures have been implemented by police, including the creation of a database to register and track stolen catalytic converters, as well as the usage of forensic marking to help catch those responsible.
However, police efforts aren’t the only factor behind the decline; the wholesale price of rhodium – one of the precious metals thieves target from catalytic converters – hit a 10-year high in 2021, but has slowly fallen since.
Nevertheless, the price of rhodium is still greater now than it was in the early part of 2020, and catalytic converter thefts continue to fall – indicating there has been some shift away from the crime.
Criminality obviously hasn’t disappeared, however, so what are thieves now choosing to take instead? It would appear that one target could be EV charger cables, as the number of incidents of cable cutting has exploded by 400 per cent in the last year, with criminals attempting to retrieve the valuable copper inside.
Charging firm InstaVolt has recently turned to hiring private security and even fitting GPS trackers to its cables in order to deter theft. CEO Delvin Lane admitted: “Cable theft is a growing challenge for our industry, threatening the confidence of EV drivers and undermining investment in charging infrastructure.”
Besides its lucrative nature, one of the main incentives behind this type of theft is the low conviction rate. Grahame pointed out: “Like other types of acquisitive crime, investigators can face difficulties in identifying suspects and obtaining evidence, which can make seeking prosecutions difficult. We know that preventative policing can be the most effective way to stop these types of crimes occurring in the first place.”
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