BEV's & PHEV's Q1 2021 sales only, HEV's excluded because no plug;
US - 304k
China - 490k
EU - 355k
ROW - 150k (assumption)
Total - 1,299,000 units
If this run rate continues, market could be looking at ~5.2 mill units in 2021, y-o-y growth of 60%, 50% higher than most analyst are forecasting.
Forecasts lithium supply (all grades) for 2021 is 400kt LCE. EV batteries alone could account for 78% of that supply. Add ESS and portable devise demand, industry is not ready for that level of demand. While there is 220kt of lithium chem conversion capacity expected to come online this year, upstream has no hope of feeding that capacity, very tight market indeed....
Good News & Bad News, page-571
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