Electric vehicles are a growing part of the automotive industry, and EV batteries remain the key determinant for electrification.
In this free webinar, Jeff Horowitz and David Coffin of the U.S. International Trade Commission explore recent changes and trends in EV supply chains and EV demand, describe newly available trade data, and estimate the value added to batteries from EVs sold in the United States.
Key topics and takeaways:
- EV sales are increasing rapidly as global capacity continues to climb while battery costs decline.
- Due to newly available international trade data, we now know that Europe is the leading importer of EVs, but the U.S. is up almost 500% year-on-year. The U.S. leads the way in terms of EV exports and does so by a substantial margin.
- Battery data is more difficult to parse out due to significant limitations in how the data is recorded, but China appears to lead the way in terms of global imports and exports of lithium-ion batteries.
- Across all EVs sold in the U.S. in 2019, the United States contributes almost 75% of the value-added to the battery powering those vehicles. However, this number varies significantly across vehicle manufacturers, with Tesla leading the way in terms of U.S. value-added.