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Battery deployments trump EV sales growth

Posted on - 10 Oct 2019

Category - News & Views

Plug-in EV sales volumes were up 46% y/y in H1/19. Disappointing compared to previous growth rates for EVs. But that’s not the whole story, because for the same period Adamas Intelligence calculates that global battery deployments rose 89% to 46.3GWh. The reason? Growth in battery sizes. Adamas’ analysis suggests that the average xEV battery capacity rose 52% for the period, from 12.9kWh to 19.7kWh, as larger and longer-ranged batteries became more important. And this trend only looks set to continue with batteries for the most recently-announced EVs coming in at 50-60kWh. That’s great news for raw materials demand as it...

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Adamas Batteries EVs Materials