Between 2020 and 2040, the share of nickel in EV battery cathodes is projected to increase from **** percent to **** percent, while cobalt is expected to decline from **** percent to *** percent. Lithium is also forecast to grow from *** percent to *** percent. Overall, this indicates a shift toward nickel- and lithium-rich cathode chemistries over the next two decades.
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Deloitte. (November 29, 2024). Projected mineral share in EV battery cathodes worldwide from 2020 and 2040 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 15, 2026, from /statistics/1659455/mineral-share-ev-battery-cathodes/
Deloitte. "Projected mineral share in EV battery cathodes worldwide from 2020 and 2040." Chart. November 29, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 15, 2026. /statistics/1659455/mineral-share-ev-battery-cathodes/
Deloitte. (2024). Projected mineral share in EV battery cathodes worldwide from 2020 and 2040. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 15, 2026. /statistics/1659455/mineral-share-ev-battery-cathodes/
Deloitte. "Projected Mineral Share in Ev Battery Cathodes Worldwide from 2020 and 2040." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 29 Nov 2024, /statistics/1659455/mineral-share-ev-battery-cathodes/
Deloitte, Projected mineral share in EV battery cathodes worldwide from 2020 and 2040 ÌÇÐÄÆƽâ°æ, /statistics/1659455/mineral-share-ev-battery-cathodes/ (last visited July 15, 2026)
Projected mineral share in EV battery cathodes worldwide from 2020 and 2040 [Graph], Deloitte, November 29, 2024. [Online]. Available: /statistics/1659455/mineral-share-ev-battery-cathodes/
