As the energy transition quickens and countries and consumers strive to decarbonize, global battery demand could surge exponentially and approach nine terawatt-hours (TWh) annually by 2030, 15 times the levels seen in 2021.

Rystad Energy research shows that although global battery demand in 2021 stood at 580 gigawatt-hours (GWh), more than double 2020’s total, global supply was still able to keep up. However, that is set to change in the coming years as the appetite for battery technologies in passenger vehicles and stationary storage grows significantly, straining the supply chain.

Global Battery Demand To Increase 15-Fold As EV Boom Takes Off | Devamı>>>

With Euro 7 measures expected to be introduced within the next few years, car manufacturers are shifting to electric vehicles (EVs), as internal combustion engine (ICE) vehicles are becoming less viable for the future European auto market.

Several European automakers have already introduced a range of EV models, aiming for EVs to make up a high proportion of their sales by 2030. Now Asian companies are eying the European market for EV sales as new regulations are expected to dramatically restrict the sale of traditionally fuelled vehicles.

Europe’s New Emissions Standards Are Accelerating The EV Race | Devamı>>>

The future of the auto industry may boil down to the difference made by a single letter: R. As in, the difference between a lithium-ion battery, like those found in today’s electric vehicles made by Tesla and others, and the lithium-iron phosphate batteries coming soon to market.

As Elon Musk’s Tesla has been talking up new battery technology development as part of the lead-up to the company’s first-ever Battery Day for investors, Wall Street is buzzing about the difference the next generation of batteries may make.

Lower-Cost, ‘Million-Mile’ Electric-Car Batteries | Devamı>>>