Daily Newsletter

01 July 2024

Daily Newsletter

01 July 2024

Metals in EV Battery Market Overview

Per GlobalData, the metals in EV battery market size was estimated at 3.9 million tonnes in terms of volume in 2023 and is expected to grow at a CAGR of >13% by 2030. The increasing production of electric vehicles is boosting demand for metals used in their batteries comprising lithium-ion (li-ion) and nickel-metal hydride batteries. The rising focus on the importance of recycling infrastructure for the metals used in EV batteries is further projected to support the market growth.

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Metals in EV Battery Market Overview

Per GlobalData, the metals in EV battery market size was estimated at 3.9 million tonnes in terms of volume in 2023 and is expected to grow at a CAGR of >13% by 2030. The increasing production of electric vehicles is boosting demand for metals used in their batteries comprising lithium-ion (li-ion) and nickel-metal hydride batteries. The rising focus on the importance of recycling infrastructure for the metals used in EV batteries is further projected to support the market growth.

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