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Forecast breakdown of electric vehicle (EV) battery demand in Europe from 2017 to 2030, by chemical composition*

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Source

Release date

June 2019

Region

Europe

Survey time period

2017

Supplementary notes

* NCA (Lithium nickel cobalt aluminum oxide: LiNiCoAlO2); LMO (Lithium manganese oxide: LiMn2O4); NMC (Lithium nickel manganese cobalt oxide: LiNiMnCoO2) with figures referring to ratio of each chemical e.g. NMC 9.5.5 contains 9 parts Nickel, 0.5 parts Cobalt and 0.5 parts manganese.
**Forecast.

Citation formats

Demand share for EV batteries in Europe 2017-2030, by chemical

Published by ÌÇÐÄÆƽâ°æ Research Department, Oct 14, 2019

Demand for NMC 9.5.5 batteries was forecast to see the greatest growth in demand in the next ten years. By 2030, this type of lithium-ion battery is expected to account for ** percent of total electric vehicle battery demand.
Due to a greater ratio of nickel than cobalt, this chemical compound would be much cheaper to produce, making it more attractive to manufacturers and consumers.

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