JB Straubel says industry sales estimates predicting EVs will account for 12.7% of all U.S. auto sales by 2025 may be too low.
Straubel says industry sales estimates predicting EVs will account for 12.7% of all U.S. auto sales by 2025 may be too low."If you look at how fast adoption is growing in parts of Europe and other parts of the world, I think it points to a path of potentially even higher percentages than that by mid-decade" he said.
Meanwhile, lithium-ion battery production is looking to keep pace with EV automakers. The global capacity for lithium-ion battery manufacturing was 713 gigawatt hours last year, according to AlixPartners, an automotive industry consulting firm. By 2025, AlixPartners expects that number to more than triple to 2,273 gigawatt hours, with U.S. EV battery production more than quadrupling.
ESource, a consulting firm based in Boulder, Colo., which tracks battery cell prices, estimates the cost per kilowatt hour of an automotive battery cell will drop from $147 in 2022 to $98 by 2025. While those projections are encouraging, falling prices are contingent upon the battery supply chain growing and being able to support stronger demand.
However, Straubel is not convinced the EV battery industry will be ready to meet the stepped-up demand.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Calvin Simon, co-founder of Parliament-Funkadelic, dead at 79Simon's cause of death has not been confirmed.
Read more »
Giant Co. donates $1M to Harrisburg University for Advanced Agriculture and Sustainability centerA groundbreaking on the Center for Advanced Agriculture and Sustainability is scheduled for later this year.
Read more »
Controversial 'The Five' co-host Jesse Watters gets a daily program on Fox NewsThe naming of Watters comes two weeks after incendiary comments he made about Dr. Anthony Fauci.
Read more »
RCN Chicago rebranding as Astound Broadband, joining co-owned regional cable providers under national bannerRCN, a cable and internet provider available to about 1 million homes in Chicago and the suburbs, is rebranding as Astound Broadband.
Read more »
Samsel Supply Co. sells warehouse, waterfront buildings on Flats east bank in ClevelandCompanies affiliated with a Cleveland-based developer has bought four buildings on the east bank of The Flats – three of which are on the waterfront of the Cuyahoga River – though the developer is remaining mum on its plans for the space.
Read more »
Co-owner of clothing-optional campground in the Poconos charged with sexually assaulting child therePolice said he assaulted a middle schooler at the Woods Campground in late 2011. Now an adult, the alleged victim reported the incident last week.
Read more »