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Electric Vehicles to Drive Massive Battery Demand: BNEF Chart

March 11, 2021, 2:44 PM

Global demand for lithium-ion batteries will climb to 2,045GWh by 2030 as electric vehicle sales dramatically accelerate, BloombergNEF projects. This would mark a 954% increase over current demand as measured in gigawatt-hours.

The change will focus greater attention on supply chains and processing capacity for battery components. Materials used in battery production include cathodes, anodes, separators, and electrolytes. Key battery metals include lithium, nickel and cobalt.

BloombergNEF

To contact the author:
Daixin Li at dli435@bloomberg.net

To contact the editor responsible for this article:
Ethan Zindler at ezindler@bloomberg.net

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