Global mineral demand of the electric vehicle sector 2020-2040

Published by
Madhumitha Jaganmohan,
Apr 19, 2024
Demand for various minerals used in the production of electric vehicles (EVs) is forecast to soar in the coming decades. The demand for lithium, a critical component of lithium-ion batteries, is projected to rise over 43-fold between 2020 and 2040, to around 859 thousand tons in the latter year. That same year, demand for graphite, nickel, and copper is expected to surpass three million tons each.

Electric vehicle industry demand of selected minerals worldwide in 2020, with a forecast for 2030 and 2040 (in 1,000 metric tons)

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Release date

February 2022

Region

Worldwide

Survey time period

2020

Special properties

based on IEA's Sustainable Development Scenario

Supplementary notes

Values have been rounded.

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Topics

Li-ion battery recyclingStrategic mineralsBattery minerals worldwideLithium-ion battery industry worldwide
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