This report analyzes the increasing demand of lithium-ion battery in electric vehicles and energy stationary storage systems and forecasts global supply from 2023 to 2033 based on over 600 battery manufacturing facilities.
An increased supply of lithium will be needed to meet future expected demand growth for lithium-ion batteries for transportation and energy storage. Lithium demand has tripled since 2017 [1] and is set to grow tenfold
An increased supply of lithium will be needed to meet future expected demand growth for lithium-ion batteries for transportation and energy storage. Lithium demand has tripled since 2017 [1] and is set to grow tenfold by 2050 under the International Energy Agency''s (IEA) Net Zero Emissions by 2050 Scenario. [2]
This report analyzes different components in the global lithium-ion battery (LIB) market, including cathode, anode, electrolyte, separator and others (packaging materials, Au/Cu foil, etc.).
The landscape of lithium-ion battery technology is being fundamentally redefined by rapid advancements and a burgeoning demand for energy storage solutions across multiple domains.
As the global energy transition accelerates, lithium-ion batteries have become the cornerstone of both electric mobility and stationary energy storage. Yet, this massive growth in demand has brought a critical issue into sharp focus: the lithium bottleneck.
Lithium-ion batteries have become the dominant energy storage technology due to their high energy density, long cycle life, and suitability for a wide range of applications.
This data-file estimates global lithium demand under our roadmap to net zero, and integrates with our oil market models. The data are disaggregated across electric vehicles, new vehicle types, consumer electronics, grid-scale batteries and conventional material uses.
In the past five years, over 2 000 GWh of lithium-ion battery capacity has been added worldwide, powering 40 million electric vehicles and thousands of battery storage projects.
With governments globally pushing for greener grids, the need for reliable, efficient energy storage has surged, further solidifying lithium''s critical role in the energy transition.
Lithium reserves are well distributed and theoretically sufficient to cover battery demand, but high-grade deposits are mainly limited to Argentina, Australia, Chile, and China. With technological shifts toward more lithium-heavy batteries, lithium mining will
