Sales-Weighted Average EV Battery Capacity Steadily Rising

Feb. 5, 2019

December was the first month in modern history that global BEV registrations exceeded HEV registrations

Last year, the global EV market reached two important milestones.

First, in August 2018, the number of BEVs and PHEVs registered globally (combined) exceeded the number of HEVs registered for the first time in modern history, a trend that has continued every month since.

Second, and perhaps most importantly, in December 2018, the number of BEVs registered globally (excluding PHEVs) exceeded the number of HEVs registered for the first time and, we expect, will continue to exceed HEVs throughout 2019 and beyond.

The sales-weighted average EV battery capacity is rising in all regions

With monthly BEV/PHEV registrations (and now monthly BEV registrations alone) exceeding HEV registrations month after month, the sales-weighted average battery capacity of all EVs combined is increasing at an accelerated rate in all regions.

Global sales-weighted average EV battery capacity up 18-fold since 2010

At the global level, the sales-weighted average EV battery capacity has increased by a factor of 18x in nine years, from 1.4 kWh in January 2010 to 24.8 kWh in December 2018.

Looking ahead, the ongoing rapid increase of average battery capacity, coupled with explosive EV demand growth, is poised to create an unprecedented surge of demand for battery metals and materials over the coming decade.

EV Battery Capacity and Battery Metals Tracker

For more information (and to track the ever-evolving landscape of battery chemistries, cell suppliers and battery metals) subscribe to Adamas Intelligence’s “EV Battery Capacity and Battery Metals Tracker“.

 

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