Global demand for electric vehicle batteries will reach nearly 3.5 GWh by 2030, 15 times more than today
Components of an electric car battery
Global demand for electric vehicle batteries will reach 3,486 GWh by 2030, 15 times more than today, according to NCPOWER, a Spanish manufacturer of customised, high-tech sustainable lithium batteries.
Thus, this market is experiencing rapid growthBut there is a problem that the supply of lithium, cobalt, manganese and nickel, the materials used to make the 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," says Mario Nicolas, CEO of NCPOWER.
The popular car has its roots in the "TPV" ("Toute Petite Voiture") project in 1936, which aimed to make cars versatile, economical and accessible.
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. It will require a rapid expansion of the public charging network 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 stresses.
According to Anfac's latest electromobility barometer, of the 45,063 public access charging points that should be installed by the end of the year, there are currently only 20,243. However, the reality is that of the actual total of 26,718, almost 25% are out of service. In other words, 6,478 recharging points have not been connected to the electricity distribution network or are in poor condition or have broken down due to administrative difficulties associated with the development of these projects, one of the most important barriers at present.
According to the estimates of AnfacThe target for the fleet of electrified cars and vans will be 4.3 million units by 2030 and 9.8 million by 2035, with a 60% and 100% electrified market share. This would require a minimum network of public access charging points of approximately 91,000 charging points by 2025; 300,000 by 2030 and 610,000 by 2035.
In this context, NCPOWER claims to have 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 exclusively (customised) for each customer, providing the electric vehicle market with more sustainable lithium batteries.
Electrification implies zero emissions and represents an important avenue for the energy transition that many vehicle manufacturers are embracing as they move away from fossil fuel sources pollutants, according to NCPOWER, which is why "the technological factor and innovation are fundamental in this direction", concludes Nicolás.
Read original content here: Lithium, cobalt, manganese and nickel limit EV battery production
