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Are forecasters over- or understating average battery sizes?

Posted on - 10 Aug 2023

Category - Data update

This is a question we ask perennially, and it’s an important one from the point of view of battery materials demand. When analysts are forecasting demand they utilise an average battery size forecast. Some analysts take an average for the sector (BEV+PHEV) while most (like us) split between BEVs and PHEVs. There is a large divergence between the average battery sizes that analysts use in their models, particularly for BEVs. Many US-based analysts in particular use average battery size of 70-80kWh, while more European and Asian focused analysts tend to use 60-70kWh. We’ve recently developed a time series which shows...

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Batteries Battery size EVs Forecasting kWh