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Different types of EV batteries' market share worldwide 2020-2050

Published by
Mathilde Carlier,
Oct 24, 2023
The global electric vehicle battery market is projected to move away from using LFP, NCA, and NCM 111 cathodes in the following two decades. By 2040, NCM 9.5. batteries are expected to dominate the global electric vehicle battery market, with a market share of about 40 percent.

Market share of different types of electric vehicle (EV) cathode chemistries in 2020 with a forecast for 2025 through 2050

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Release date

July 2021

Region

Worldwide

Survey time period

2020

Supplementary notes

LFP = lithium-iron-phosphate
NCA = nickel-cobalt-aluminum
NCM = nickel-cobalt-manganese

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