The world needs batteries for electromobility
Published on: July 26, 2021 / Update from: October 21, 2021 - Author: Konrad Wolfenstein
Lithium-ion batteries: The world needs batteries for electromobility – Image: PP77LSK|Shutterstock.com
The world needs batteries
Global demand for lithium-ion batteries for electric vehicles will increase rapidly this decade. As the estimate shows, demand will be greatest in China - followed by the European Union and the USA. Many car manufacturers have committed to the goals of the Paris climate targets and are also required by law to have an ever larger proportion of their fleet powered by batteries. The most recent example is the EU Commission’s “Fit for 55” climate protection program. Car manufacturers such as Volkswagen, Daimler and BMW are responding with sometimes quite ambitious fleet targets for reducing CO2 emissions, which is likely to ensure continued high demand for batteries in the “Electric Mobility” sector in the coming years. The current government support measures in Europe in favor of purely battery-operated automobiles (BEVs) are further increasing the demand for batteries.
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The number of electric cars worldwide has increased significantly in recent years. In 2020, around eleven million electric cars were on the roads. The country with the most electric cars is China. In 2020, five million – around half of all electric cars worldwide – were registered there. In the ranking of the most important industrial nations according to the level of technological development in electromobility, China comes in second place, only surpassed by South Korea. The largest electric car manufacturer in the world is the US car company Tesla. Most recently, the company, which only sells electric cars, sold around 500,000 battery-powered cars in one year.
The world needs batteries
Global demand for lithium-ion batteries for electric vehicles will grow rapidly this decade. As the estimate shows, demand will be greatest in China – followed by the European Union and the United States. Many automakers have committed to the goals of the Paris climate targets and are also required by law to have an increasing proportion of their fleets powered by batteries. The most recent example is the EU Commission's “Fit for 55” climate protection program. Car manufacturers such as Volkswagen, Daimler and BMW are responding with in some cases quite ambitious fleet targets for reducing CO2 emissions, which should ensure continued high demand for batteries in the “electric mobility” sector in the coming years. The current government subsidy measures in Europe in favor of purely battery-powered automobiles (BEVs) are further increasing the demand for batteries.
The number of electric cars worldwide has risen sharply in recent years. By 2020, there will have been around eleven million electric cars on the roads. The country with the most electric cars is China. In 2020, five million – around half of all e-cars worldwide – will have been registered there. In the ranking of the most important industrialized nations according to the level of technological development in electromobility, China lands in second place, surpassed only by South Korea. The largest electric car manufacturer in the world is the US car company Tesla. Most recently, the company, which sells only e-cars, sold around 500,000 battery-powered cars in one year.
The world needs batteries – Image: Statista
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