1. Battery market oversupply until 2030 implies a protracted winter hibernation for battery minerals
2. EV penetration rate won't get to 49% by 2030, that is 1 other car being EV, won't happen, and certainly won't happen under Trump's watch if he becomes President.
Based on announced investment decisions and forecast demand growth, battery production capacity will grow by over 350% by 2030.
SC Insights forecast that the battery market will remain in oversupply until 2030 unless more projects are scaled back or cancelled.
This leaves China with a 50% market share in 2030, down from 70% today, as more investment is attracted to North America and Europe. This scenario assumes a 49% global EV penetration rate by 2030.
SC Insights is a specialist independent forecasting and consulting company dedicated to the lithium-ion battery supply chain. It offers data packages and bespoke consulting solutions for everything from raw materials to finished cells and packs.
