IDTechEx projects lithium-ion batteries to remain the dominant technology for both electric vehicle (EV) and stationary energy storage system (ESS) applications over the next decade. Policy has been, and will continue to be, a key driver for the adoption of Li-ion batteries but ongoing improvements to performance and cost will also make them increasingly attractive for adoption in EVs and ESS. Developments and innovations continue to be made in Li-ion anode and cathode materials, manufacturing processes, and cell and pack designs.
The growth in Li-ion battery demand will, of course, drive demand for some key materials such as lithium, nickel, cobalt, and graphite, and while chemistry and technology shifts can minimise consumption of some of the more expensive materials, lithium demand remains. With the industry transitioning towards comprehensive battery lifecycle sustainability, challenges in meeting growing demand while ensuring economic and environmental viability remain.
Therefore, monitoring technological advancements and industry developments in mining and metal extraction becomes essential. Direct lithium extraction (DLE) is a set of technologies that has emerged with high potential to shape the future of lithium supply. Recycling will also become an increasingly important source of material as larger volumes of batteries start to reach their end-of-life and regions aim to localise material supplies. Repurposing retired EV batteries for second-life applications also looks to maximize batteries' value before recycling, and several key players concentrated in Europe and the US have continued to steadily grow their operations in this field over the past couple of years.
IDTechEx Research provides comprehensive coverage of the Li-ion Battery, DLE, Second-life Battery, and Recycling markets. This webinar will provide an introduction into:
- Li-ion battery markets in 2024 (EV and ESS)
- Key battery chemistry trends and technology innovations
- The role of direct lithium extraction
- Developments in second-life batteries and battery recycling