Electrifying road transport with less mining : A global and regional battery material outlook
Visualization
Annual global battery demand by demand reduction scenario compared with announced cell production capacity
On a global level, the total announced cell production capacity and the proportion of this capacity that is considered highly probable, exceed projected demand at least until 2030. The majority of the announced cell production capacities are in China, corresponding to 84% of the global total in 2023 and 67% in 2030. In the European Union, announced cell production capacities could meet an estimated 99% of the region’s road transport and non-vehicular battery capacity demand in 2030 if all projects are realized, while production capacities in the United States correspond to 130% of domestic demand in 2030. When considering only facilities that are either already operational and those under construction that are considered highly probable to reach the announced output, capacities in the United States correspond to 103% of domestic demand in 2030, while those in the European Union cover just 72% of road transport and non-vehicular battery capacity demand, highlighting the importance of EU Member States supporting the realization of announced investments. In India and Indonesia, the capacities of the announced cell production plants are comparatively more limited, corresponding to a projected 49% and 44%, respectively, of domestic vehicular battery demand in 2030. Read more here.
