EV Battery Metals
Essential raw materials driving the energy transformation
Jun. 20 2022
Electric Vehicles (EV) are not the future; they are the here and now. Global manufacturing is rapidly transitioning from Internal Combustion Engines (ICE) to EVs and the demand for battery raw materials is surging. With many global manufacturers announcing that their fleets will be electric to meet the 2030 deadline (all car sales to be electric by 2030), the battery cell is now a critical ingredient in the transition to a more sustainable future.
As a result, the global market for battery cells is expected to grow by more than 20% per year reaching at least $360billion globally.
The switch to EVs is an historic global change in transportation modality. The increase in demand for battery metals over the coming decade presents opportunities and challenges for all participants in the production, shipment, refining and manufacturing supply chains.
Bureau Veritas is uniquely positioned to support growth in this sector with a wide range of testing, inspection and certification services.