In addition, investment in charging infrastructure is also needed. "It is estimated that a cumulative investment of more than $1 trillion (approximately €1 billion) will be needed in electric vehicle charging infrastructure over the next 20 years.
The global demand for batteries for electric vehicles will reach 3,486 GWh in 203015 times more than today, according to NCPower, a Spanish manufacturer of high-tech, customised sustainable lithium batteries.
Thus, this market is experiencing rapid growth, but there is the problem that the supply of lithiumemissions, cobalt, manganese and nickel, materials used to make batteries, may be limited in the next decade.
"To avoid this, investment in new refining and feedstock extraction facilities is needed to meet growing demand, and governments, manufacturers, miners and recyclers need to work together to ensure adequate supply," he says. Mario NicolasCEO of NCPower.
In addition, investment in charging infrastructure is also needed.
"It is estimated that it will take a cumulative investment of more than $$1 trillion (approximately €1 billion) in electric vehicle charging infrastructure over the next 20 years. A rapid expansion of the public charging network will be required to meet the growing fleet," Nicolas continues.
"Currently, there are between 5 and 20 electric vehicles per public charging connector in most markets, but this number is expected to increase to between 30 and 45 in the future," he notes.
NCPower supports the celebration of the European Mobility Week.
NCPower wanted to highlight this data on the occasion of Sustainable Mobility Week, which is being held this year from 16 to 22 September.
European Mobility Week, of which the Ministry for Ecological Transition and the Demographic Challenge is the national coordinator, is a campaign aimed at raising awareness, both among policy makers and citizens, of the public health and environmental benefits associated with the use of more sustainable modes of transport.
Social organisations, institutions and companies participate in various activities that promote sustainable mobility.
Sustainability has now become a crucial issue that cuts across all industrial and business sectors. Growing concerns about climate change and the need to preserve our natural resources have led many companies to re-evaluate their practices and adopt more environmentally responsible approaches.
In this context, NCPower has made a strong commitment to sustainability and has made this philosophy the core of its business strategy: "We have directed our efforts towards innovative technology, as we have created our own battery management system (BMS) and the innovative NCPower System, and exclusive (customised) for each customer, providing the electric vehicle market with more sustainable lithium batteries".
"Electrification means zero emissions and represents an important pathway for the energy transition that many vehicle manufacturers are embracing as they move away from polluting fossil fuel sources. For NCPower, technology and innovation are key in this direction," concludes Nicolás.
Read the original content here: Global demand for electric vehicle batteries to reach almost 3.5 GWh
