EV lithium-ion battery demand worldwide 2016-2022, by region
Global demand for electric vehicle lithium-ion batteries stood at around 550 gigawatt-hours in 2022, an increase of 65 percent in comparison to the previous year. China led the market by a wide margin, accounting for roughly half of the demand in 2022. The European demand for lithium-ion batteries for EVs amounted to some 128 gigawatt-hours that same year.