MENU

Market researcher: EV battery pack shipments to reach 30 million in 2027

Market researcher: EV battery pack shipments to reach 30 million in 2027

Market news |
By Christoph Hammerschmidt



A new study from Juniper Research has found the volume of electric vehicle battery pack shipments will reach 30 million in 2027; from just 10 million in 2022. The research identified falling vehicle costs, often directly caused by government subsidies, and increasing awareness around the environmental impact of current mobility services as key drivers behind the growth in electric vehicle battery production.

The research predicts that this growth will be strongest within the commercial segment, with commercial electric vehicle battery pack shipments growing from 1.4 million in 2022 to over 7 million by 2027. Mass electrification of fleet vehicles is required for meeting corporate decarbonisation goals and will drive investment into electric vehicles from enterprises. In turn, this provides an opportunity for manufacturers to develop batteries designed for energy-intensive commercial use cases.

Research co-author Damla Sat explains: “Developing longer range vehicles by leveraging higher capacity battery packs will be critical to meeting expectations that foster commercial vehicle electrification, but will require extensive investment to develop new battery pack technologies.”

The research predicts that for electric vehicles to reach mass adoption across commercial use cases, including heavy goods haulage and passenger transport, scaling the production of new battery technologies is essential. This includes solid state batteries and new chemical mixes.

The most pressing issue for electric vehicle adoption is the rare earth minerals required in battery production, including cobalt, which is difficult to source, in terms of both cost and the ethics around procurement. Accordingly, the research recommends that manufacturers must rapidly move to new, higher capacity technologies including solid state batteries to unlock energy intensive use cases. The report however cautioned that changes in technologies must continue to prioritise the sustainability goals electrification is based upon.

For more information click here.

Related articles:

Li-ion battery demand leads to raw material bottlenecks, study warns

Solid state battery market to hit $6bn in 2030: report

Fraunhofer sketches roadmap for solid-state battery commercialization

Northvolt signs deal for sustainable lignin carbon battery anodes

FEV, Prologium jointly develop solid-state battery systems

UK project for 800V battery pack that charge in 12 minutes

 

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News

Share:

Linked Articles
10s