As the global demand for electric vehicles (EVs) skyrockets, the race is on to meet the power needs of our electric future. Annual production volumes of battery electric vehicles are set to soar, projected to surge from 4.8 million units in 2021 to an impressive 50 million units by 2034. This seismic shift propels battery demand into uncharted territory, jumping from 260GWh in 2021 to a staggering 4,568GWh in 2034, and an additional 147GWh to support hybrid vehicles.
However, with this electric revolution comes the responsibility to ensure the sustainability of our advancements. The key lies not just in meeting the demand but doing so with a conscientious understanding of the environmental impact. Along the battery value chain, challenges abound, but none are as critical as securing a robust supply of raw materials that are not only financially viable but also environmentally sustainable. This is the linchpin to achieving our collective net-zero climate goals.
To embark on this journey, it is imperative to comprehend the intricacies of carbon dioxide emissions. Understanding and quantifying these emissions prevent the shifting or deflection of responsibility, fostering a transparent approach. Moreover, it empowers industry participants to make informed, ethical decisions in sourcing and investments, all aimed at managing and mitigating their carbon footprint.
Battery Chemistry and Materials: Delving deep into the heart of the matter, understanding the intricate chemistry and materials that form the backbone of battery technology.
Manufacturing Process and Emissions: Evaluating the eco-footprint of manufacturing processes, highlighting the impact on emissions and the urgent need for decarbonization.
Supply Chain Challenges: Unraveling the complexities of the battery supply chain, addressing challenges from raw material extraction to final product assembly.
Renewable Energy Integration: Assessing the role of renewable energy sources like solar and wind power in driving a low-carbon future for EVs.
Decarbonization Action Plan: Proposing strategic collaboration and multilateral partnerships to formulate and implement a comprehensive decarbonization action plan.
Environmental Impact: Scrutinizing the environmental footprint, exploring avenues for carbon footprint reduction, and establishing standards for sustainability.
Introducing the Automotive Battery Cell Carbon Footprint forecast suite from S&P Global Mobility’s Supply Chain & Technology team. Our forecast stands as a beacon, guiding industry leaders with critical intelligence on carbon footprints. By delivering unparalleled insights into emissions and sustainability along the entire battery value chain, we empower decision-makers to shape a sustainable and responsible future.
Join us in driving the future of mobility—one that is not just electric but ethical and environmentally responsible. Together, let's redefine the road ahead – The Battery Cell Carbon Footprint forecast suite from S&P Global Mobility Supply Chain and Technology Team – find out more now.