Offering a better power and energy performance than LABs, lithium-ion batteries (LIBs) are the fastest growing technology on the market. Used for some time in portable electronics, and the preferred technology for e -mobility, they also frequently operate in stationary energy storage applications. D emand for LIBs is expected to sky-rocket.
The new EU Batteries Regulation will replace an older Batteries Directive from 2006, which the European Commission deemed too limited in its scope of battery technology and inadequate in its recoverability and recyclability mandates.
Will EU demand for electric vehicle batteries be met by 2025?
87 The production capacity of the EU-based battery industry, although still limited, is developing rapidly and could satisfy expected EU demand for electric vehicle batteries by 2025.
Will lithium ion batteries become a global market?
Consequently, the global market for lithium-ion battery (LIB) cells has grown rapidly. The World Economic Forum predicted a demand of 3500 GWh/a for LIBs by 2030 (World Economic Forum, 2019). Tesla's chief executive officer (CEO) Elon Musk even mentioned a global demand for LIBs of 10,000 GWh/a in the future (Musk, 2020).
Batteries produced in Europe will be the most sustainable in the world, under new rules agreed upon by EU lawmakers on Friday (9 December). In a bid to reduce waste, the regulation sets targets for producers to collect batteries at the end of their life.
For lithium-ion battery cells, which are currently the state of the art in electric vehicles, it reached 44 GWh in 202051, approximately 70 GWh in 2022 and could rise up to 520 GWh by 202552.
33 Crucially, the Commission does not monitor EU production of battery cells sufficiently. Eurostat currently reports on quantities (units) of batteries produced44 regardless of their energy capacity in Watt-hours, which is the essential market indicator.