New Study: a Fraction of EU’s Planned Battery Production Can Power the Shift to LEVs
A modal shift to LEVs using planned battery capacity in Europe can reduce both dependencies on critical raw materials and cut 30Mt of transport’s CO2e emissions by 2030.
LEVs — including e-bikes, e-scooters, and e-mopeds — are rapidly becoming part of modern urban mobility, with approximately 10 million units sold in 2022 in Europe. As European demand for LEV batteries is projected to triple by 2030 and double again by 2040, the study found that LEVs are the ideal near-term off-takers for battery cell production. This is particularly true for cylindrical cells, which are standard for most LEV applications.
Furthermore, the LEV sector’s need for innovation will enable advancements and spillover effects that could benefit the entire industry. For example, any reduction in cost, improvement in performance, or disposal and reuse of batteries would create a significant market benefit for providers, especially in shared mobility where LEVs batteries are frequently used and reused. Enhanced battery technologies will improve LEV affordability and consumer acceptance, crucial for widespread adoption.
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