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Powering supply to support the Electric Vehicle Revolution
GROWTH IN THE NEXT 3 YEARS
The Electric Vehicle battery market will grow by USD 38.05 billion during 2021-2026. *
*Technavio Electric Vehicle (EV) Battery Market by Type (Lithium-Ion Battery, Lead-Acid Battery, and others), Vehicle Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Hybrid Electric Vehicle), and Geography – Forecast and Analysis 2023-2027
Australian Mines battery grade nickel and cobalt crystals are critical materials for the production of lithium-ion batteries. Global demand for both commodities is growing rapidly with the increased use of portable electronic devices, the emergence of mass produced Electric Vehicles and the evolution of clean Energy Storage technologies for homes and industry.
There is predicted to be 31.1 million Electric Vehicles, globally, on the road by 2030, 10 million more than previously forecast. *
Sconi's large scale end to end production will supply battery plants across the world to drive the Electric Vehicle Revolution.
Securing raw material, particularly key battery ingredients, remains one of
biggest challenges facing the automotive industry.
EV manufacturing metals required:
*IEA Global EV
outlook 2022, May 2022
Lithium / Nickel / Cobalt / Manganese
The EV transition is underway.**IEA Global EV outlook 2022, May 2022
The Portable Battery industry is projected to grow from USD 15.82 Billion in 2023 to USD 27.54 Billion by 2030. **
**Market Research Future Global Portable Battery Market Research Report Forecast to 2030