The Indian Medium and Heavy Commercial Vehicle industry showed promising growth. It became the second largest produ… https://t.co/LYqfkBysz0
Customer Logins
Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
Customer Logins
WHITEPAPER
Aug 15, 2022
Battery Pack Costs Rise for Battery Electric Vehicles
[Whitepaper Excerpt]
Russia's invasion of Ukraine has caused prices of nickel, lithium, and other materials to soar, compounding the pain of the global chip shortage and other supply chain woes caused by the COVID-19 pandemic.
Prices of nickel and aluminum have been breaking records. Propulsion & Sustainability team at S&P Global Mobility has analyzed the impact of raw material prices for different cathode chemistries and the potential impact on battery pack cost. The purpose of this paper is to describe the trend of changing battery chemistries and battery pack cost forecast till 2030 under the foreseen raw material prices trend.
Battery demand and chemistry in passenger
vehicles
In the European Union (EU), the ambitions of 55% CO2 target
reduction from 2021 to 2030 and a zero-emission 2035 passenger car
market will accelerate electrification. According to H1 2022
powertrain-based sales forecast from the S&P Mobility team,
battery electric vehicles (BEVs) share for EU passenger cars is
projected to increase from 9.8% in 2021 to 67.9% in 2030. This will
result in a yearly capacity of 592 gigawatt-hour battery demand in
2030 from just 56 gigawatt-hour in 2021. Lithium-ion batteries will
ace the race amongst all other battery chemistry types. The EU
passenger vehicle market for lithium-ion batteries is estimated to
reach a cumulative size of nearly 3,000 gigawatt-hour between 2021
to 2030. The battery pack and electric drive unit that make up a
BEV powertrain are anticipated to increase in value from 13.8 to 50
billion euros by 2030.
Continue reading...
Download the complete whitepaper
This article was published by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.
Follow Us
Consumers with lower credit scores are increasingly being pushed out of the #new-vehicle market by rising… https://t.co/SJIFBIhlux
The average age of cars & #lighttrucks in the US has risen again this year to a new record of 12.5 years, as per ne… https://t.co/C6d9PyRaPC
Upgrade your car's wheels? Replace a cracked windshield? Your vehicle safety systems may be out of calibration. As… https://t.co/n8l1NlrRGv
{"items" : [
{"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fbattery-pack-costs-rise-for-battery-electric-vehicles.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fbattery-pack-costs-rise-for-battery-electric-vehicles.html&text=Battery+Pack+Costs+Rise+for+Battery+Electric+Vehicles+%7c+S%26P+Global+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fbattery-pack-costs-rise-for-battery-electric-vehicles.html","enabled":true},{"name":"email","url":"?subject=Battery Pack Costs Rise for Battery Electric Vehicles | S&P Global &body=http%3a%2f%2fwww.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fbattery-pack-costs-rise-for-battery-electric-vehicles.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Battery+Pack+Costs+Rise+for+Battery+Electric+Vehicles+%7c+S%26P+Global+ http%3a%2f%2fwww.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fbattery-pack-costs-rise-for-battery-electric-vehicles.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"}
]}