Battery Pack Costs Rise for Battery Electric Vehicles

ByDinda Margareta

Aug 23, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Battery Pack Costs Rise for Battery Electric Vehicles
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[Whitepaper Excerpt]

Russia’s invasion of Ukraine has induced selling prices of nickel,
lithium, and other elements to soar, compounding the agony of the
worldwide chip scarcity and other offer chain woes prompted by the
COVID-19 pandemic.

Price ranges of nickel and aluminum have been breaking information.
Propulsion & Sustainability staff at S&P Worldwide Mobility has
analyzed the effects of uncooked materials selling prices for various cathode
chemistries and the opportunity influence on battery pack price. The
goal of this paper is to describe the pattern of transforming battery
chemistries and battery pack price forecast till 2030 beneath the
foreseen raw material selling prices craze.

Battery demand and chemistry in passenger
motor vehicles

In the European Union (EU), the ambitions of 55% CO2 target
reduction from 2021 to 2030 and a zero-emission 2035 passenger motor vehicle
market place will speed up electrification. According to H1 2022
powertrain-centered sales forecast from the S&P Mobility staff,
battery electric automobiles (BEVs) share for EU passenger automobiles is
projected to increase from 9.8% in 2021 to 67.9% in 2030. This will
end result in a annually capacity of 592 gigawatt-hour battery demand in
2030 from just 56 gigawatt-hour in 2021. Lithium-ion batteries will
ace the race amongst all other battery chemistry forms. The EU
passenger automobile industry for lithium-ion batteries is approximated to
access a cumulative measurement of virtually 3,000 gigawatt-hour amongst 2021
to 2030. The battery pack and electrical push unit that make up a
BEV powertrain are predicted to maximize in benefit from 13.8 to 50
billion euros by 2030.

Battery Pack Costs Rise for Battery Electric Vehicles

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Posted 15 August 2022 by Monika Punshi, Senior Investigation Analyst, Automotive, S&P World Mobility&#13
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This write-up was posted by S&P International Mobility and not by S&P World wide Ratings, which is a separately managed division of S&P World-wide.