Lithium iron phosphate (LFP) batteries accounted for a 34 percent share of the global electric vehicle battery market in 2022. This figure is forecast to increase up to 39 percent by 2024.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Reuters. (March 7, 2023). Market share of lithium iron phosphate batteries in electric vehicle battery market worldwide in 2022, with a forecast for 2023 and 2024 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1451435/global-lithium-iron-phosphate-battery-market-share-for-electric-vehicles-forecast/
Reuters. "Market share of lithium iron phosphate batteries in electric vehicle battery market worldwide in 2022, with a forecast for 2023 and 2024." Chart. March 7, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1451435/global-lithium-iron-phosphate-battery-market-share-for-electric-vehicles-forecast/
Reuters. (2023). Market share of lithium iron phosphate batteries in electric vehicle battery market worldwide in 2022, with a forecast for 2023 and 2024. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1451435/global-lithium-iron-phosphate-battery-market-share-for-electric-vehicles-forecast/
Reuters. "Market Share of Lithium Iron Phosphate Batteries in Electric Vehicle Battery Market Worldwide in 2022, with a Forecast for 2023 and 2024." Statista, Statista Inc., 7 Mar 2023, https://www.statista.com/statistics/1451435/global-lithium-iron-phosphate-battery-market-share-for-electric-vehicles-forecast/
Reuters, Market share of lithium iron phosphate batteries in electric vehicle battery market worldwide in 2022, with a forecast for 2023 and 2024 Statista, https://www.statista.com/statistics/1451435/global-lithium-iron-phosphate-battery-market-share-for-electric-vehicles-forecast/ (last visited December 23, 2024)
Market share of lithium iron phosphate batteries in electric vehicle battery market worldwide in 2022, with a forecast for 2023 and 2024 [Graph], Reuters, March 7, 2023. [Online]. Available: https://www.statista.com/statistics/1451435/global-lithium-iron-phosphate-battery-market-share-for-electric-vehicles-forecast/
