Business

Battery production will increase 40 times in 10 years

Global battery production capacity, which is currently 160 gigawatt-hours, will increase to 6,600 in 2030. This means a 40 times increase in production.

While electrification in transportation should be increased in order to reach global emission targets, it is predicted that the capacity of battery production for electric vehicles will increase from 160 gigawatt-hours per year to 6,600 gigawatt-hours in 2030.

According to the report titled “Zero Emissions in 2050: Roadmap for the Global Energy Sector” prepared by the International Energy Agency, in order to reach the projected battery production capacity for 2030, the facility with an annual production capacity of approximately 20 gigawatts must be built.

While a radical transformation is needed for the global energy sector to reach the zero-emission target by 2050, it is of great importance that this transformation intensifies in the electricity, transportation and production sectors in order to reach the targets.

ELECTRIC VEHICLES

Electrification is expected to play a key role in reducing greenhouse gas emissions as the share of clean energy resources increases, and the share of electric vehicles in the global automotive market from 5% today to 60% in 2030.

According to the report, it is estimated that almost all vehicles to be sold will be electric by 2035, and by 2050, almost all of the heavy vehicles will be hydrogen fuel cell or electric.

Thus, global battery production capacity for electric vehicles is expected to increase from the current 160 gigawatt-hour level to 6,600 gigawatt-hours by 2030.

Governments need to give more support to the development of electrolyzers in hydrogen production and advanced clean energy generation technologies in order to increase the performance of advanced battery technologies that are currently inadequate.

THE NEED FOR CRITICAL MINERALS WILL INCREASE

According to the report, while the advancement of battery technology means an increase in demand for critical minerals used in this area, the demand for lithium will increase by 30 times in 2030 compared to today.

According to the report, which pointed out that critical mineral resources are not available in the same country or region, increasing the experience and skills of companies specialized in mining will allow the demand for these minerals to be met at more affordable prices.

Source: NTV / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published.

Back to top button