![]() ![]() Global sales of BEV and PHEV cars are outpacing sales of hybrid electric vehicles (HEVs), and as BEV and PHEV battery sizes are larger, battery demand further increases as a result. While the average battery size for battery electric cars in the United States only grew by about 7% in 2022, the average battery electric car battery size remains about 40% higher than the global average, due in part to the higher share of SUVs in US electric car sales relative to other major markets, 1 as well as manufacturers’ strategies to offer longer all-electric driving ranges. Battery demand for vehicles in the United States grew by around 80%, despite electric car sales only increasing by around 55% in 2022. ![]() ![]() In China, battery demand for vehicles grew over 70%, while electric car sales increased by 80% in 2022 relative to 2021, with growth in battery demand slightly tempered by an increasing share of PHEVs. ![]() Automotive lithium-ion (Li-ion) battery demand increased by about 65% to 550 GWh in 2022, from about 330 GWh in 2021, primarily as a result of growth in electric passenger car sales, with new registrations increasing by 55% in 2022 relative to 2021. ![]()
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