Abstract
Lithium-ion batteries have become the main choice for portable electronics (such as smart phones, tablets, and laptops), power tools, and electric vehicles (EVs) for personal, commercial, industrial, and military applications. The demand for lithium-ion batteries for EVs is expected to grow as the cost of manufacturing and materials is reduced, while performance improves. The U.S. Energy Information Administration (EIA) projects that U.S. light-duty battery EV sales will reach 1.3 million by 2025, and others project even higher sales growth.Global EV sales are expected to reach 30 million by 2030, up from 1.1 million in 2017.This growth in EV sales, as well as increased demand for consumer and stationary uses, are expected to double the demand for lithium-ion batteries by 2025 and quadruple the demand by 2030.
| Original language | American English |
|---|---|
| Number of pages | 8 |
| State | Published - 2020 |
Bibliographical note
See the Vehicle Technologies Office Batteries 2019 Annual Progress Report at https://www.energy.gov/sites/prod/files/2020/06/f75/VTO_2019_APR_Batteries-FINAL2_-compressed_0.pdfNREL Publication Number
- NREL/MP-5700-78724
Keywords
- electric vehicles (EVs)
- lithium-ion batteries
- Vehicle Technologies Office (VTO)
