REE Deployment in HEV Batteries Increased 8% in 2018
54% of HEVs registered in 2018 contained NiMH batteries
In 2018, global registrations of HEVs increased 7.2% to 2.194 million units – 50% of which were registered in Japan alone.
Inferring from a model-by-model build-up using Adamas Intelligence’s ‘EV Battery Capacity and Battery Metals Tracker’, 54% of HEVs registered globally in 2018 contained NiMH batteries and 43% Li-ion batteries – down and up from 55% and 41%, respectively, the year prior.
Moreover, 60% of HEV battery capacity deployed globally in 2018 was NiMH, 39% was Li-ion and less than 1% was lead acid.
Taking the above into account, we estimate that the mass of rare earth metals deployed globally in NiMH batteries for HEVs in 2018 increased by 8% versus the year prior.
EV Battery Capacity and Battery Metals Tracker
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