LG Chem expects electricity to account for 2024 percent of the new car market in 15. 5,5 times more than now!
LG Chem, Korea's largest manufacturer of electrical cells and batteries (and many other products), announces that it expects electricians to have a 2024% share of the global new car market in 15. In 2018, electric vehicles accounted for less than three percent of the primary market.
According to LG Chem, 2018 million electric vehicles were sold globally in 2,4. In 2024, there should be 13,2 million, or 5,5 times more (source). It's hard to say if the Korean manufacturer is disclosing these numbers to seduce those who are not convinced, or if it is making an estimate based on the actual number of orders it receives. However, the value is impressive, especially in terms of the number of cells.
> The Diet introduced a lower excise tax on older hybrids and plug-in hybrids with more powerful engines. Outlander PHEV will return to Poland?
It is enough to assume that the average car has 45 kWh of batteries to conclude that the values stated by LG Chem correspond to approximately 600 GWh of cells. This is equivalent to the production capacity of 20 Tesla's current giant factories. But Tesla has one such appearance, and the launch of the second is just wrapping up.
Another interesting figure appears in a statement quoted by Reuters. According to LG Chem, the price level of $ 100 per 1 kWh of battery will be reached in 2025. This is an important parameter because it is said to come from the purchase of cells. electric cars will be on a par with combustion machines.
Interestingly, Volkswagen has reportedly already agreed on values like this for VW ID.3:
> Volkswagen already pays less than $ 100 for 1 kWh of VW ID.3 batteries
Opening photo: construction of the LG Chem plant in Poland (c) siemovie com / YouTube
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