CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues 

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In total, 674.6 GWh of fresh battery power hit the globe’s roads from January through August, according to data from Toronto-based EV supply chain research firm Adamas Intelligence.

Hybrid approach 

The rapid electrification of the global car parc comes despite a noticeable swing towards hybrid vehicles, which have inherently smaller batteries and therefore contained metal. 

The combined battery capacity of plug-in hybrid vehicles steered onto roads globally for the first time this year is up 71% versus a more sedate pace for full electric passenger vehicles of 17%. At the same time the sales-weighted average battery capacity of plug-ins (PHEVs) is also rising, up 12% this year to 23kWh, more than a third of the average full electric vehicle. 

A subset of the PHEV, the extended range EV or EREV where the combustion engine only acts as a charger for the battery, are even bigger users of installed metal….

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