Global consumption of battery materials skyrockets in H2 2022 on strong EV sales - report batterymaterials
- In its recent biannual report titled State of Charge: EVs, Batteries and Battery Materials, Adamas Intelligence said that in H2 2022, global passenger electric vehicles registrations rose 38% over the prior year period, amounting to 8.15 million units, up from 5.9 million units in H2 2021.
"In the Asia Pacific region, a 53% increase in passenger EV sales year-over-year in H2 2022 resulted in a booming 77% increase in watt-hours of battery capacity deployed onto roads over the same period, plus a corresponding 74% increase in lithium, 44% increase in nickel and 45% increase in cobalt consumption year-over-year," the authors of the report found.
According to the report, in H2 2022, Tesla and BYD installed nearly as many watt-hours into newly sold passenger EVs as their fifteen closest competitors combined. AI said that in H2 2022, 173,790 tonnes of lithium carbonate equivalent were deployed onto roads globally in the batteries of all newly sold passenger EVs combined, 62% more than were deployed globally in H2 2021.
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