Colombian energy storage lead-acid battery supply

What are the three global demand scenarios for batteries?

We created three global demand scenarios for batteries: fading momentum, continuation of the current trajectory (base case), and further acceleration. The main demand differentiators included variations in EV production volume and uptake of energy storage systems.

What chemistries do batteries use?

Note that all our analyses focus on batteries that rely on lithium-type chemistries, such as lithium iron phosphate (LFP) and lithium nickel manganese cobalt mixed oxide (NMC). Batteries can use various cathode active materials (CAMs), including lithium-ion, lead acid, nickel-metal hydride, and sodium-ion chemistries.

Are lithium-ion batteries the future of battery technology?

(For more information on battery chemistries, see sidebar “How battery technology is evolving.”) Our model estimates that lithium-ion batteries are expected to account for about 86 percent of total battery demand by 2030, with sodium-ion, lead-acid, and other battery technologies accounting for the remaining 14 percent.

Does battery supply exceed global demand?

Although battery supply may exceed demand at the global level, the picture is more nuanced and varied by region. Some countries have excess capacity—meaning more than enough to satisfy local demand—while others rely on imports to alleviate local shortages. This regional view could become critical if more countries try to localize production.