Global Electric Vehicle Battery Makers_Monthly Recharge_ 2025 Outlook
Bazaarvoice·2025-02-09 04:54
ab 5 February 2025 Global Research Global Electric Vehicle Battery Makers Monthly Recharge: 2025 Outlook Global battery demand to rise by 25% in 2025 We forecast 2025 global EV (BEV + PHEV) sales to rise to 22% y/y to 21mn units and this represents 24% penetration. In 2030E we estimate global EV share of 49% (China 84% / ex-China 37%). Global battery demand (EV+ESS) should increase 25% y/y with a 21% CAGR to 2030. We raise 2030E global LFP share 9ppts to 67%. This is largely driven by China market share (m/ ...