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Lithium-ion batteries and impact on EV adoption
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Research firm IDTechx has issued a new study analysing the global lithium-ion batteries market and its impact on the electric vehicles (EVs) industry between 2020 and 2030.
Key study findings include:
- Shortage of lithium-ion batteries is probable
- They are too few gigafactories
- Too many burning batteries
- Factories are being shut down to address lithium-ion battery problems
- The US-China trade war to negative impact on the market
- Inadequate lithium or cobalt mining
- The demand for EVs is underestimated, demand will increase if promised cell cost reduction is met (3,900GWh in 2030)
- Parity of EVs with conventional cars is expected in 3 – 7 years