Interview, Fireside Chat
Charging Up Electric Vehicle Battery Production Across EMEA
- European electric vehicle demand is projected to more than quadruple over the next few years.
- The European electric battery supply chain is expected to scale by a factor of 10 between 2020 and 2030.
- China is forecast to remain the sole market with a larger share of the global electric vehicle and battery market than Europe.
- Future battery applications are anticipated to expand across electric vehicles, heavy transport, aviation, maritime vessels, and residential homes.
- European supply chain strategies will prioritize domestic production capability and transparency regarding manufacturing origins.
- Significant capital inflows are expected to finance rapid capacity expansion required to meet surging demand.
- Continued capacity deployment will drive a continuous downward trend in battery costs.
- The combination of expanded capacity and cost reductions aims to establish a long-term sustainable supply chain within Europe.
- Sustainable raw material sourcing may facilitate production of these materials in closer proximity to Europe.
- A robust lithium-ion battery supply chain in Europe is expected to remain resilient over the coming years.
- Mass-scale adoption of solid-state batteries is estimated to remain several years away.
- Battery technology evolution is characterized by gradual improvements rather than abrupt shifts.
- Enhancements in energy density and cost reduction are expected to accelerate societal battery adoption.
- Emerging market leaders are projected to gain access and insights through investor capital contributions.
- Investment in the battery supply chain is anticipated to generate attractive economic returns.
- Battery supply chain investment is expected to reduce the overall carbon footprint of relevant industries.