+
Global demand for EV batteries to rise over 10 times by 2030
Equipment

Global demand for EV batteries to rise over 10 times by 2030

Demand for electric vehicle (EV) batteries will increase from the current 340 GWh to over 3,500 GWh by 2030, according to an International Energy Agency (IEA) report.

While all EV battery supply chain stages must scale up, extraction and processing are particularly critical due to long lead times. Governments must leverage private investment in sustainable mining and ensure precise and rapid permitting procedures to avoid potential supply bottlenecks, says the report titled ‘Global Supply Chains of EV Batteries.’

Innovation and alternative chemistries that require smaller quantities of critical minerals, and extensive battery recycling, can ease demand pressure and avoid bottlenecks. Incentivising battery “rightsizing” and adopting smaller cars can also decrease demand for critical metals, it says. Governments should strengthen cooperation between producer and consumer countries to facilitate investment, promote environmentally and socially sustainable practices, and encourage knowledge sharing, the report adds. It suggests that governments should ensure traceability of key EV components and monitor the progress of ambitious environmental and social development goals at every stage of battery and EV supply chains.

See also:
Volvo CE to enhance product localisation
Volvo unveils its first large electric crawler excavator


Demand for electric vehicle (EV) batteries will increase from the current 340 GWh to over 3,500 GWh by 2030, according to an International Energy Agency (IEA) report. While all EV battery supply chain stages must scale up, extraction and processing are particularly critical due to long lead times. Governments must leverage private investment in sustainable mining and ensure precise and rapid permitting procedures to avoid potential supply bottlenecks, says the report titled ‘Global Supply Chains of EV Batteries.’ Innovation and alternative chemistries that require smaller quantities of critical minerals, and extensive battery recycling, can ease demand pressure and avoid bottlenecks. Incentivising battery “rightsizing” and adopting smaller cars can also decrease demand for critical metals, it says. Governments should strengthen cooperation between producer and consumer countries to facilitate investment, promote environmentally and socially sustainable practices, and encourage knowledge sharing, the report adds. It suggests that governments should ensure traceability of key EV components and monitor the progress of ambitious environmental and social development goals at every stage of battery and EV supply chains.See also: Volvo CE to enhance product localisationVolvo unveils its first large electric crawler excavator

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?