Batteries

[New] Tesla, in partnership with Chinese battery maker CATL, plans to introduce its own million-mile battery later this year or early next.
[New] The battery market will grow from 12 gigawatt-hours (GWh) in 2018 to 158 GWh in 2024L Energy storage is also likely to play a significant role in decarbonizing the electric power sector.
[New] Electric carmaker Tesla plans to introduce a new low-cost, long-life battery into its Model 3 sedan in China later this year or early next.
[New] If Tesla develops a million-mile battery for its EVs, then that new technology will enable it to begin sales of Virtual Power Plants to utilities around the world.
Production of battery metals such as graphite, lithium and cobalt will have to increase by nearly 500% by 2050 to meet the growing demand for clean energy technologies.
As manufacturers will have to deploy BEVs to meet stricter CAFE targets, by 2025 BEVs could add some 8 GWh of battery storage capacity to GB every year.
As electric vehicle adoption grows the world over, lithium demand from batteries - an essential component of vehicles - will double every five years to reach 1.6 million tons of lithium carbonate equivalent by 2030.
In comparison, S&P Global Platts Analytics expects battery demand from passenger electric vehicles to exceed 150 GWh already in 2020 - which translates into 128,736 mt of lithium carbonate equivalent next year.
Established companies and startups are already gearing up for what they say is an oncoming onslaught of spent batteries from the first commercially available electric vehicles, which are expected to reach end of life by 2025.
About 525,000 EV batteries will reach end of life by 2025 and over one million units will hit end of life by 2030.
By the end of 2021, the lithium market will return to balance as demand growth resumes from increased electric vehicle adoption and other batteries and eats up new supply.
Accelerating battery manufacture for EVs and energy storage is expected to outstrip the supply of lithium by 2022, and cobalt and nickel by 2030.
The global needle coke market is expected to witness high demand from the lithium ion battery anode segment wherein anode material manufacturers are switching to needle coke as an alternative to manufacture lithium ion batter anode.
Bloomberg forecasts that the global market for lithium-ion batteries, the dominant market leader, will be worth US$116bn (€106bn) by 2030, while battery storage installations will grow from a cumulative 17 GWh of storage in 2018 to 2,850 GWh by 2040.
With most EV batteries backed by an eight year warranty, 44 million electric vehicles could result in up to 11 million tonnes of battery waste generated worldwide within the next 20 years.
Some Tesla models can already exceed 300 miles, and as battery technology continues to improve, the projected average range of electric vehicles is expected to reach up to 380 kilometers (236 miles) by 2025.
One million EVs sold in the UK in 2017 alone will generate 250,000 tonnes of battery waste when they reach the end of their lives - likely in the early-to - mid-2030s.
The battery industry currently represents over 30,000 jobs in Europe, and the expected growth in demand will ensure jobs and important opportunities in the coming years.
The first planes running on batteries will be available before 2030 and could be very well suited for the network of airports inside the Arctic Circle.
The global Lithium-ion battery manufacturing capacity is expected to increase by multiple times, to reach around 1200 GWh in 2024.
Two solar projects will include batteries, supporting New York's goal to install 3 GW of energy storage by 2030.
Lithium-ion (Li-ion) batteries are the fastest-growing energy storage technology, with annual growth expected to reach more than 28 GW by 2028.
The global E-bike battery and charging infrastructure market is expected to register a CAGR of 3.87%, during the forecast period, 2020-2025.

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Last updated: 24 May 2020