Share of battery capacity of electric vehicle sales by chemistry and region, 2021-2023

Sources

IEA analysis based on data from EV Volumes and China Automotive Battery Industry Innovation Alliance.

Notes

LFP = lithium iron phosphate. Low-nickel includes lithium nickel manganese cobalt oxide (NMC) 333, NMC442, and NMC532. High-nickel includes NMC622, NMC721, NMC811, lithium nickel cobalt aluminium oxide (NCA), and lithium nickel manganese cobalt aluminium oxide (NMCA). Cathode sales share is based on the battery capacity of EVs registered in the different regions. This calculation assumes that 90% of electric trucks and buses sold in China use LFP, and that 70% of electric trucks and electric buses sold outside of China uses high-nickel chemistries. Two/three-wheelers are excluded from the analysis.