The global electric vehicle battery market is projected to move away from using LFP, NCA, and NCM 111 cathodes in the following two decades. By 2040, NCM 9.5. batteries are expected to dominate the global electric vehicle battery market, with a market share of about 40 percent.
Market share of different types of electric vehicle (EV) cathode chemistries in 2020 with a forecast for 2025 through 2050
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Statista. (July 6, 2021). Market share of different types of electric vehicle (EV) cathode chemistries in 2020 with a forecast for 2025 through 2050 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1248519/distribution-of-different-electric-vehicle-batteries-on-the-global-market/
Statista. "Market share of different types of electric vehicle (EV) cathode chemistries in 2020 with a forecast for 2025 through 2050." Chart. July 6, 2021. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1248519/distribution-of-different-electric-vehicle-batteries-on-the-global-market/
Statista. (2021). Market share of different types of electric vehicle (EV) cathode chemistries in 2020 with a forecast for 2025 through 2050. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1248519/distribution-of-different-electric-vehicle-batteries-on-the-global-market/
Statista. "Market Share of Different Types of Electric Vehicle (Ev) Cathode Chemistries in 2020 with a Forecast for 2025 through 2050." Statista, Statista Inc., 6 Jul 2021, https://www.statista.com/statistics/1248519/distribution-of-different-electric-vehicle-batteries-on-the-global-market/
Statista, Market share of different types of electric vehicle (EV) cathode chemistries in 2020 with a forecast for 2025 through 2050 Statista, https://www.statista.com/statistics/1248519/distribution-of-different-electric-vehicle-batteries-on-the-global-market/ (last visited December 23, 2024)
Market share of different types of electric vehicle (EV) cathode chemistries in 2020 with a forecast for 2025 through 2050 [Graph], Statista, July 6, 2021. [Online]. Available: https://www.statista.com/statistics/1248519/distribution-of-different-electric-vehicle-batteries-on-the-global-market/
