Charged EVs | ABI Research: tech advances to drive six-fold increase in EV battery production by 2030

New analysis from world know-how intelligence agency ABI Research finds that world EV battery output manufacturing may enhance by practically six occasions to 2,585 GWh by 2030.

This EV battery surge will pressure uncooked materials provide. ABI predicts that lithium and cobalt consumption for EV batteries will develop by 5.3 occasions and three.2 occasions, respectively, from 2022 to 2030, however common EV battery cobalt content material will drop 44% by 2030 owing to its risky and controversial provide chain. The power density of cobalt-free lithium-iron-phosphate (LFP) batteries will develop with improved pack meeting strategies like cell-to-pack (C2P) know-how, permitting new functions. Nickel manganese cobalt (NMC) cathodes with excessive nickel content material may also enhance power density and scale back cobalt content material.

“There are EVs with lengthy ranges and EVs that may cost shortly, however there are not any EVs that value the identical as their fossil gas counterparts. Evolutionary enhancements over present lithium-ion battery know-how can be important to cut back the price of EVs and obtain trade huge electrification targets,” concludes Dylan Khoo, EV Business Analyst at ABI Analysis.

Supply: ABI Research