Global demand for EV batteries to rise over 10 times by 2030
Equipment

Global demand for EV batteries to rise over 10 times by 2030

Demand for electric vehicle (EV) batteries will increase from the current 340 GWh to over 3,500 GWh by 2030, according to an International Energy Agency (IEA) report.

While all EV battery supply chain stages must scale up, extraction and processing are particularly critical due to long lead times. Governments must leverage private investment in sustainable mining and ensure precise and rapid permitting procedures to avoid potential supply bottlenecks, says the report titled ‘Global Supply Chains of EV Batteries.’

Innovation and alternative chemistries that require smaller quantities of critical minerals, and extensive battery recycling, can ease demand pressure and avoid bottlenecks. Incentivising battery “rightsizing” and adopting smaller cars can also decrease demand for critical metals, it says. Governments should strengthen cooperation between producer and consumer countries to facilitate investment, promote environmentally and socially sustainable practices, and encourage knowledge sharing, the report adds. It suggests that governments should ensure traceability of key EV components and monitor the progress of ambitious environmental and social development goals at every stage of battery and EV supply chains.

See also:
Volvo CE to enhance product localisation
Volvo unveils its first large electric crawler excavator


Demand for electric vehicle (EV) batteries will increase from the current 340 GWh to over 3,500 GWh by 2030, according to an International Energy Agency (IEA) report. While all EV battery supply chain stages must scale up, extraction and processing are particularly critical due to long lead times. Governments must leverage private investment in sustainable mining and ensure precise and rapid permitting procedures to avoid potential supply bottlenecks, says the report titled ‘Global Supply Chains of EV Batteries.’ Innovation and alternative chemistries that require smaller quantities of critical minerals, and extensive battery recycling, can ease demand pressure and avoid bottlenecks. Incentivising battery “rightsizing” and adopting smaller cars can also decrease demand for critical metals, it says. Governments should strengthen cooperation between producer and consumer countries to facilitate investment, promote environmentally and socially sustainable practices, and encourage knowledge sharing, the report adds. It suggests that governments should ensure traceability of key EV components and monitor the progress of ambitious environmental and social development goals at every stage of battery and EV supply chains.See also: Volvo CE to enhance product localisationVolvo unveils its first large electric crawler excavator

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000