Documents 2024 2025 Battery. The expansion of lithium battery regulations to cover new battery types, including sodium ion batteries, marking a significant shift for 2025. Cars remain the primary driver of ev battery demand, accounting for about 75% in the aps in 2035, albeit down from 90% in 2023, as battery demand from other evs grows very quickly.
Our researchers forecast that average battery prices could fall towards $80/kwh by 2026, amounting to a drop of almost 50% from 2023, a level at which battery electric vehicles would. As manufacturing capacity expands in the major electric car markets, we expect battery production to remain close to ev demand centres through to 2030, based on the announced pipeline of battery manufacturing capacity expansion as of.