EV battery production needs a boost to meet demand

Report: EV battery production needs a boost to meet demand

According to the report "Electric Vehicle Battery Supply Chain Analysis," concerns over EV-battery supply to meet the escalation in demand poses a serious risk to the growth of electricity as a clean propulsion fuel, despite plans for 80 new global battery gigafactories.

A recent report predicts that plans for 80 new EV-battery gigafactories will be insufficient in meeting demand for EVs.

According to the report “Electric Vehicle Battery Supply Chain Analysis,” sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media, assuming 2036 is the changeover year when all-electric passenger vehicles are predicted to overtake sales of ICE-equipped equivalents, concerns over EV-battery supply to meet the escalation in demand poses a serious risk to the growth of electricity as a clean propulsion fuel, despite plans for 80 new global battery gigafactories.

The report outlines that although Asia leads electric-vehicle battery production, Europe will make up vital ground over the next few years, while U.S. manufacturers are also planning increases in capacity.

The full report is available here.

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