Electric vehicle battery capacity could hit a record one terawatt-hour this year, according to Frik Els, a battery metals expert at Adamas Intelligence. Analysts expect China to use 60% of the global total by December.
Adamas data show that growth in EV battery capacity is setting new records. The rise shows strong global demand for minerals such as nickel, cobalt and lithium. These are key ingredients in modern batteries.
“The growth in battery capacity is not just about numbers; it signals a fundamental shift in how we source critical metals and design EV batteries,” Els said during a January industry conference in Vancouver. The industry is undergoing rapid transformation.
Els says battery chemistries are changing. Automakers are moving from traditional nickel-cobalt-manganese cells to lithium-ion, phosphate, and mid-nickel technologies. This evolution is upending established supply chains and forcing a rethink in the metals market.
Els, head author of the Adamas Intel newsletter, also points out that the change is partly driven by regional policy differences. Declining subsidies in North America contrast sharply with strong incentives in Europe and China. This divergence is reshaping consumer choice and driving further changes in the global EV landscape.
Watch the full chat below with The Northern Miner’s western editor, Henry Lazenby.
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