Demand share for EV batteries in Europe 2017-2030, by chemical

Demand for NMC 9.5.5 batteries was forecast to see the greatest growth in demand in the next ten years. By 2030, this type of lithium-ion battery is expected to account for 37 percent of total electric vehicle battery demand.
Due to a greater ratio of nickel than cobalt, this chemical compound would be much cheaper to produce, making it more attractive to manufacturers and consumers.

Forecasted breakdown of electric vehicle (EV) battery demand in Europe from 2017 to 2030, by chemical composition*

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Source

Release date

June 2019

Region

Europe

Survey time period

2017 to 2030

Supplementary notes

* NCA (Lithium nickel cobalt aluminum oxide: LiNiCoAlO2); LMO (Lithium manganese oxide: LiMn2O4); NMC (Lithium nickel manganese cobalt oxide: LiNiMnCoO2) with figures referring to ratio of each chemical e.g. NMC 9.5.5 contains 9 parts Nickel, 0.5 parts Cobalt and 0.5 parts manganese.

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Statistics on "Electric Mobility in Europe"

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