The lithium-ion batteries in electric vehicles (EVs) present very different material demands at the cell- and pack-level compared with the internal-combustion engine (ICE) vehicles they replace. While ICE drivetrains heavily rely on aluminum and steel alloys, Li-ion batteries use a lot of materials such as nickel, cobalt, lithium, copper, insulation, thermal interface materials, and much more at a cell- and pack-level. According to a recent press release from IDTechEx, the markets for these materials will see a rapid increase in demand that would not have been present without the take-off of electric vehicle markets.
A new report from the research firm, “Materials for Electric Vehicle Battery Cells and Packs 2021-2031,” identifies and analyzes trends in the materials used for the assembly and production of battery cells and battery packs in the EV market. It also provides granular market forecasts for over 20 key material categories.
Battery Cell Materials
OEMs are changing the way they make batteries, according to the report. Improvements to energy density are one key consideration but also the sustainability of the materials used. Many materials involved have questionable mining practices or volatile supply chains. One such material is cobalt, which, in addition to being very expensive, has its supply and mining confined mostly to China and the Democratic Republic of Congo. As a result, OEMs are trending toward higher nickel cathode chemistries like NMC 622 or NMC 811 in some new models. Despite the reduction in market share of materials like cobalt, the rapidly increasing market for electric vehicles will drive demand for cobalt and many other materials drastically higher over the next 10 years.
Battery Pack Materials
While the energy density improvements of Li-ion cells might be the most prominent battery improvements in the public eye, IDTechEx analysts say they’re also seeing an increase in pack-level energy density at a greater rate than just cell-level improvements. Manufacturers are improving their battery designs; the mass of materials being used around the cells is steadily being reduced, allowing for a lighter battery pack or more cells to be used for the same mass. The choice of materials for several pack components also affects these improvements. More interest is being paid to composite enclosures for light-weighting, fire-retardant materials, thermal interface materials, and more. The thermal management strategy also impacts these choices; with increased energy density and consumer demand for fast charging, thermal management has to be more effective but also present a smaller and lighter package. Several materials see a decrease in utilization per vehicle, but this is often overshadowed by the rapidly growing market for EVs.
For more information on the report, visit the firm’s website.
