European battery cell demand is expected to rise to 777 GWh

Battery cell production capacity in Europe (EU-27, UK, Norway, Serbia) will rise from roughly 35 GWh/a in 2020 to 693 to 1,072 GWh/a in 2030. This amounts to a factor increase of up to 30.

If the planned production capacities in Europe are realised, the European demand for battery cells is expected to be covered by production within Europe by 2030. These capacity are predicted to cover approximately 27% of the projected worldwide production volume for Li-Ion cells in 2030.

Private investments in the European battery value chain will total more than 67 billion euros by 2030, with battery cell production alone accounting for more than 56 billion euros. As a consequence, over 58,000 new jobs will be generated, including over 47,000 of them in battery cell production.

Source: The importance of regional value creation structures in the battery industry | VDI/VDE Innovation

Get ‘FREE OF CHARGE’ access to this and 400+ other valuable EV Market Reports in our database. Enjoy reading!