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Battery electric vehicles (BEVs) are leading the shift away from petrol and diesel cars, making the lithium-ion battery supply chain one of the world’s most important industries. Benchmark has tracked the EV and battery market since 2018.","text",[116],{"type":117,"attrs":118},"textStyle",{"color":12},{"type":50,"attrs":120,"content":121},{"textAlign":23},[122],{"text":123,"type":114,"marks":124},"BEVs are the main alternative to internal combustion engine (ICE) vehicles, while plug-in hybrids (PHEVs) and range-extended EVs (REEVs) play a smaller supporting role.",[125],{"type":117,"attrs":126},{"color":12},{"_uid":128,"buttons":129,"vertical":30,"alignment":58,"component":133},"81522f1d-b3c2-4777-88eb-dd9baa21d0c1",[130],{"_uid":131,"link":132,"size":41,"label":42,"theme":43,"component":44},"bc7fa546-70ac-40d3-a2c2-cf1ad9870a1e",{"id":37,"url":12,"linktype":38,"fieldtype":39,"cached_url":40},"ContentButtons","BlocksContent","medium","small",{"_uid":138,"content":139,"anchor_id":12,"component":71,"top_spacing":135,"bottom_spacing":136,"container_width":136,"background_color":288,"vertical_spacing":135},"cba7bf62-e07b-4c97-a7df-be8eb44abaee",[140],{"_uid":141,"content":142,"component":134},"d9671c64-c80f-424b-90f4-6ea8cec46496",[143,148,154],{"_uid":144,"link":145,"content":146,"alignment":85,"component":86,"heading_tag":147,"left_border":30,"sub_heading":12,"heading_size":87},"64fee6c6-9ec0-4132-9c7e-2772f31b0bfc",{"id":12,"url":12,"linktype":38,"fieldtype":39,"cached_url":12},"How did the EV and battery market evolve?","h3",{"_uid":149,"image":150,"height":102,"caption":12,"quality":103,"component":104,"fit_image":30,"no_lazy_load":30,"caption_center_align":30,"rounded_image_corners":15},"8c7034ed-d755-4177-b5e2-25c7cbdaa56d",{"id":151,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":152,"copyright":12,"fieldtype":24,"meta_data":153,"is_external_url":30},133649734511433,"https://a.storyblok.com/f/333611/3360x1408/4e5f3017e1/ev-battery.png",{},{"_uid":155,"text":156,"alignment":85,"component":94,"paragraph_size":95},"ae8b38a9-8981-48a1-a49a-3697ff117425",{"type":47,"content":157},[158,166,183,190,205,212,223,230,242,249,254,283],{"type":50,"attrs":159,"content":160},{"textAlign":23},[161],{"text":162,"type":114,"marks":163},"Why did early electric vehicles lose out to ICE vehicles?",[164],{"type":165},"bold",{"type":50,"attrs":167,"content":168},{"textAlign":23},[169,181],{"text":170,"type":114,"marks":171},"Battery electric vehicles (BEVs)",[172,178,179],{"type":173,"attrs":174},"link",{"href":175,"uuid":23,"anchor":23,"target":176,"linktype":177},"https://www.benchmarkminerals.com/ev-and-battery","_blank","url",{"type":165},{"type":180},"underline",{"text":182,"type":114}," first appeared in the 19th century alongside ICE and steam technologies. Mass production of ICE vehicles drove prices down and availability up. EVs  limited by short range, high cost, and sparse charging infrastructure could not compete, and faded from the market.",{"type":50,"attrs":184,"content":185},{"textAlign":23},[186],{"text":187,"type":114,"marks":188},"How did the 1970s oil crisis revive interest in electric vehicles?",[189],{"type":165},{"type":50,"attrs":191,"content":192},{"textAlign":23},[193,195,203],{"text":194,"type":114},"The 1970s oil crisis renewed interest in alternative drivetrains. It was during this period that ",{"text":196,"type":114,"marks":197},"lithium-ion ",[198],{"type":173,"attrs":199},{"href":200,"uuid":201,"anchor":23,"target":202,"linktype":38},"/lithium/","66f89af4-a0da-49d9-b0ff-d22703a4b721","_self",{"text":204,"type":114},"battery technology began to take shape developed initially under Exxon sponsorship laying the foundation for the batteries used in modern EVs.",{"type":50,"attrs":206,"content":207},{"textAlign":23},[208],{"text":209,"type":114,"marks":210},"What role did climate change concerns play in accelerating EV development?",[211],{"type":165},{"type":50,"attrs":213,"content":214},{"textAlign":23},[215,221],{"text":216,"type":114,"marks":217},"Growing climate",[218],{"type":173,"attrs":219},{"href":220,"uuid":23,"anchor":23,"target":202,"linktype":177},"https://source.benchmarkminerals.com/category/sustainability",{"text":222,"type":114}," concerns in the 1990s gave EVs fresh relevance. The 1997 Kyoto Protocol formalised emissions commitments across governments. General Motors (GM) EV1 launched in this period was a notable attempt to commercialise the technology, though it did not succeed at scale.",{"type":50,"attrs":224,"content":225},{"textAlign":23},[226],{"text":227,"type":114,"marks":228},"How did lithium-ion battery breakthroughs transform the EV market in the 21st century?",[229],{"type":165},{"type":50,"attrs":231,"content":232},{"textAlign":23},[233,235,240],{"text":234,"type":114},"Advances in lithium-ion battery technology in the early 2000s resulted in higher energy density, longer lifespan and faster charging, which made EVs genuinely practical for the first time. ",{"text":236,"type":114,"marks":237},"Tesla's",[238],{"type":173,"attrs":239},{"href":175,"uuid":23,"anchor":23,"target":202,"linktype":177},{"text":241,"type":114}," emerged as a major player in this period.",{"type":50,"attrs":243,"content":244},{"textAlign":23},[245],{"text":246,"type":114,"marks":247},"How did the 2008 financial crash accelerate EV adoption globally?",[248],{"type":165},{"type":50,"attrs":250,"content":251},{"textAlign":23},[252],{"text":253,"type":114},"The 2008 financial crisis prompted several governments to treat EV investment as an economic recovery tool as well as an environmental one.",{"type":50,"attrs":255,"content":256},{"textAlign":23},[257,259,265,267,273,275,281],{"text":258,"type":114},"China invested heavily in subsidies, ",{"text":260,"type":114,"marks":261},"charging infrastructure",[262],{"type":173,"attrs":263},{"href":264,"uuid":23,"anchor":23,"target":23,"linktype":177},"https://www.benchmarkminerals.com/ev-charging",{"text":266,"type":114},", and battery R&D driven partly by urban air quality concerns and economic growth ambitions. The US directed billions through the American Recovery and Reinvestment Act towards clean energy and EVs, supporting companies including Tesla and GM. The EU used emissions targets to drive automaker transitions, while Japan and South Korea focused on ",{"text":268,"type":114,"marks":269},"battery innovation",[270],{"type":173,"attrs":271},{"href":272,"uuid":23,"anchor":23,"target":23,"linktype":177},"https://www.benchmarkminerals.com/new-technology",{"text":274,"type":114}," producing leaders such as Panasonic and LG Chem in the global ",{"text":276,"type":114,"marks":277},"battery supply chain",[278],{"type":173,"attrs":279},{"href":280,"uuid":23,"anchor":23,"target":23,"linktype":177},"https://www.benchmarkminerals.com/battery-gigafactory",{"text":282,"type":114},".",{"type":50,"attrs":284,"content":285},{"textAlign":23},[286],{"text":287,"type":114},"Through the 2010s, consumer subsidies in many markets began the process of decarbonising transport in earnest.","light-grey",{"_uid":290,"content":291,"anchor_id":12,"component":71,"top_spacing":136,"bottom_spacing":12,"container_width":136,"background_color":288,"vertical_spacing":135},"2aa1e11d-5b1b-4123-b5fc-83233388be37",[292],{"_uid":293,"content":294,"component":134},"fba1738a-0907-437d-88f0-049cc0902014",[295,300,306,367],{"_uid":296,"link":297,"content":298,"alignment":85,"component":86,"heading_tag":147,"left_border":30,"sub_heading":12,"heading_size":299},"d934ac64-f09d-49ec-a809-4b06ec21528b",{"id":12,"url":12,"linktype":38,"fieldtype":39,"cached_url":12},"What does the current electric vehicle battery market look like?","h2",{"_uid":301,"image":302,"height":102,"caption":12,"quality":103,"component":104,"fit_image":30,"no_lazy_load":30,"caption_center_align":30,"rounded_image_corners":15},"8da0229d-d579-421b-ba32-c6fc0173fc62",{"id":303,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":304,"copyright":12,"fieldtype":24,"meta_data":305,"is_external_url":30},77708364322104,"https://a.storyblok.com/f/333611/3840x2160/8bbbfc155a/hero_anode5.png",{},{"_uid":307,"text":308,"alignment":85,"component":94,"paragraph_size":95},"ab396e31-2b5a-493d-8b92-cb07830dd9e6",{"type":47,"content":309},[310,350,352,360,365],{"type":50,"attrs":311,"content":312},{"textAlign":23},[313,318,327,332,337,345],{"text":314,"type":114,"marks":315},"In the battery electric vehicle market, the ",[316],{"type":117,"attrs":317},{"color":12},{"text":319,"type":114,"marks":320},"top ten lithium-ion battery producers",[321,324],{"type":173,"attrs":322},{"href":323,"uuid":23,"anchor":23,"target":202,"linktype":177},"https://source.benchmarkminerals.com/article/which-companies-control-the-lithium-ion-battery-supply-chain-2",{"type":117,"attrs":325},{"color":326},"#000000",{"text":328,"type":114,"marks":329}," ",[330],{"type":117,"attrs":331},{"color":326},{"text":333,"type":114,"marks":334},"account for more than 85% of global supply. ",[335],{"type":117,"attrs":336},{"color":12},{"text":338,"type":114,"marks":339},"CATL, BYD, and LG Energy Solutions being the largest electric ",[340,343],{"type":173,"attrs":341},{"href":342,"uuid":23,"anchor":23,"target":202,"linktype":177},"https://source.benchmarkminerals.com/article/how-chinas-byd-and-catl-came-to-dominate-tier-1-battery-supply",{"type":117,"attrs":344},{"color":326},{"text":346,"type":114,"marks":347}," are the leading manufacturers. All top ten producers are based in China, South Korea or Japan, underlining the strength of battery cell manufacturing in Asia, particularly in China.",[348],{"type":117,"attrs":349},{"color":12},{"type":50,"attrs":351},{"textAlign":23},{"type":50,"attrs":353,"content":354},{"textAlign":23},[355],{"text":356,"type":114,"marks":357},"China dominates the market, accounting for almost two-thirds of total global EV sales and 70% of EVs produced. Europe has the next largest demand for EVs, followed by North America. Other markets are emerging in the rest of the world, such as countries in Southeast Asia, Central Asia, and South America. ",[358],{"type":117,"attrs":359},{"color":326},{"type":50,"attrs":361,"content":362},{"textAlign":23},[363],{"text":364,"type":114},"Notably, geopolitical tensions are playing out in the EV and battery industries as these sectors grow. Various governments have put tariffs on Chinese imported EVs, while others are fearful of becoming too reliant on Chinese technology. Likewise, China is also wary about sharing some of its technologies with other countries. ",{"type":50,"attrs":366},{"textAlign":23},{"_uid":368,"buttons":369,"vertical":30,"alignment":58,"component":133},"499c3f0e-3000-48b1-be1d-eb30da64cdc3",[370],{"_uid":371,"link":372,"size":41,"label":42,"theme":43,"component":44},"edbf33f6-1f91-40f5-ae02-b7357a2afcf2",{"id":37,"url":12,"linktype":38,"fieldtype":39,"cached_url":40},{"_uid":374,"content":375,"anchor_id":12,"component":71,"top_spacing":12,"bottom_spacing":12,"container_width":136,"background_color":73,"vertical_spacing":135},"9a915df5-39a1-41bb-b72b-7d6791fee054",[376],{"_uid":377,"content":378,"component":134},"c59f5a21-25fd-439b-9dbf-f3cec020951f",[379,383,399,534],{"_uid":380,"link":381,"content":382,"alignment":85,"component":86,"heading_tag":147,"left_border":30,"sub_heading":12,"heading_size":299},"2512a876-e869-4cad-b34d-ad7b40447a34",{"id":12,"url":12,"linktype":38,"fieldtype":39,"cached_url":12},"What is driving the EV battery market and BEV adoption?",{"_uid":384,"height":102,"images":385,"component":398},"9b9b1ef7-8f12-4464-a1b2-0163ed34ec13",[386,390,394],{"id":387,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":388,"copyright":12,"fieldtype":24,"meta_data":389},91522441991527,"https://a.storyblok.com/f/333611/3840x2160/1c52b7c277/data-blue.png",{},{"id":391,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":392,"copyright":12,"fieldtype":24,"meta_data":393},163974263172160,"https://a.storyblok.com/f/333611/5824x3264/2580d900f0/adobestock_1087417465.jpeg",{},{"id":395,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":396,"copyright":12,"fieldtype":24,"meta_data":397},163729786321780,"https://a.storyblok.com/f/333611/5824x3264/8bc49e941c/adobestock_631483901.jpeg",{},"ContentImagesGrid",{"_uid":400,"text":401,"alignment":85,"component":94,"paragraph_size":95},"553d712c-f169-4d76-9672-ce8e35b85ab9",{"type":47,"content":402},[403,410,415,422,444,492,499,504,511,532],{"type":50,"attrs":404,"content":405},{"textAlign":23},[406],{"text":407,"type":114,"marks":408},"How have subsidies shaped EV adoption globally?",[409],{"type":165},{"type":50,"attrs":411,"content":412},{"textAlign":23},[413],{"text":414,"type":114},"Subsidies were central to driving early EV adoption. China phased out its programme in 2022. The US federal EV tax credit worth up to USD 7,500 under the IRA  was eliminated on 30 September 2025, with its future uncertain under the Trump administration. In Europe, several countries reduced or removed support, though Germany and the UK moved to revive incentives from late 2024.",{"type":50,"attrs":416,"content":417},{"textAlign":23},[418],{"text":419,"type":114,"marks":420},"Why are EVs cheaper in China than in Europe or the US?",[421],{"type":165},{"type":50,"attrs":423,"content":424},{"textAlign":23},[425,430,439],{"text":426,"type":114,"marks":427},"Price is the single biggest driver of ",[428],{"type":117,"attrs":429},{"color":326},{"text":431,"type":114,"marks":432},"EV sales",[433,436,438],{"type":173,"attrs":434},{"href":435,"uuid":23,"anchor":23,"target":23,"linktype":177},"https://source.benchmarkminerals.com/article/weakened-fiscal-support-impacts-china-s-ev-market",{"type":117,"attrs":437},{"color":326},{"type":180},{"text":440,"type":114,"marks":441},". In China, most EVs have reached parity with ICE vehicles some are cheaper. In Europe, EVs cost roughly twice the ICE equivalent; in the US, around 1.5 times as much.",[442],{"type":117,"attrs":443},{"color":326},{"type":50,"attrs":445,"content":446},{"textAlign":23},[447,452,461,466,474,479,487],{"text":448,"type":114,"marks":449},"The gap comes down largely to the battery, which accounts for up to 40% of an EV's total cost. Chinese vehicles benefit from the dominance of ",[450],{"type":117,"attrs":451},{"color":326},{"text":453,"type":114,"marks":454},"LFP chemistry",[455,458,460],{"type":173,"attrs":456},{"href":457,"uuid":23,"anchor":23,"target":23,"linktype":177},"https://www.benchmarkminerals.com/cathode",{"type":117,"attrs":459},{"color":326},{"type":180},{"text":462,"type":114,"marks":463}," cheaper to produce than ",[464],{"type":117,"attrs":465},{"color":326},{"text":467,"type":114,"marks":468},"NCM",[469,471,473],{"type":173,"attrs":470},{"href":457,"uuid":23,"anchor":23,"target":23,"linktype":177},{"type":117,"attrs":472},{"color":326},{"type":180},{"text":475,"type":114,"marks":476}," cells common in Western markets as well as smaller pack sizes and lower manufacturing costs. China's extensive ",[477],{"type":117,"attrs":478},{"color":326},{"text":480,"type":114,"marks":481},"charging network",[482,484,486],{"type":173,"attrs":483},{"href":264,"uuid":23,"anchor":23,"target":23,"linktype":177},{"type":117,"attrs":485},{"color":326},{"type":180},{"text":488,"type":114,"marks":489}," also allows consumers to manage with smaller batteries, reducing costs further.",[490],{"type":117,"attrs":491},{"color":326},{"type":50,"attrs":493,"content":494},{"textAlign":23},[495],{"text":496,"type":114,"marks":497},"How is legislation accelerating the shift away from ICE vehicles?",[498],{"type":165},{"type":50,"attrs":500,"content":501},{"textAlign":23},[502],{"text":503,"type":114},"EU legislation mandates falling CO2 limits, trending towards 90% zero-emission vehicles by 2035. The UK targets a full phase-out of new ICE sales by the same date. The US has no national ban, but California and several other states have set their own 2035 targets for zero-emission vehicles.",{"type":50,"attrs":505,"content":506},{"textAlign":23},[507],{"text":508,"type":114,"marks":509},"How does charging cost and infrastructure affect EV adoption?",[510],{"type":165},{"type":50,"attrs":512,"content":513},{"textAlign":23},[514,519,527],{"text":515,"type":114,"marks":516},"Running costs matter as much as purchase price. EVs typically offer cheaper day-to-day travel than ICE vehicles, though electricity price spikes in parts of Europe have partially eroded that advantage. ",[517],{"type":117,"attrs":518},{"color":326},{"text":520,"type":114,"marks":521},"Charge point availability",[522,524,526],{"type":173,"attrs":523},{"href":264,"uuid":23,"anchor":23,"target":23,"linktype":177},{"type":117,"attrs":525},{"color":326},{"type":180},{"text":528,"type":114,"marks":529}," shapes confidence too range anxiety remains a real deterrent where coverage is thin. China has broad coverage; most other markets lag.",[530],{"type":117,"attrs":531},{"color":326},{"type":50,"attrs":533},{"textAlign":23},{"_uid":535,"buttons":536,"vertical":30,"alignment":58,"component":133},"39a16d16-340c-4d8c-8a0e-4f33f86bdf93",[537],{"_uid":538,"link":539,"size":41,"label":42,"theme":43,"component":44},"1428e227-af21-4f2d-84b4-18d40ebc4854",{"id":37,"url":12,"linktype":38,"fieldtype":39,"cached_url":40},{"_uid":541,"content":542,"anchor_id":12,"component":71,"top_spacing":135,"bottom_spacing":74,"container_width":136,"background_color":288,"vertical_spacing":135},"7a1c4953-fef8-4b7b-836d-86d68809acd1",[543],{"_uid":544,"content":545,"component":134},"42fd76a4-e306-4ef3-98dc-1938dc764d7e",[546,550,556,645],{"_uid":547,"link":548,"content":549,"alignment":85,"component":86,"heading_tag":147,"left_border":30,"sub_heading":12,"heading_size":299},"d1070095-1753-4084-96b1-77d2aa77aabe",{"id":12,"url":12,"linktype":38,"fieldtype":39,"cached_url":12},"Which EV manufacturers are shaping the market?",{"_uid":551,"image":552,"height":102,"caption":12,"quality":103,"component":104,"fit_image":30,"no_lazy_load":30,"caption_center_align":30,"rounded_image_corners":15},"e8d5e3cd-b5df-4dff-8caa-32094059d185",{"id":553,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":554,"copyright":12,"fieldtype":24,"meta_data":555,"is_external_url":30},163729786473335,"https://a.storyblok.com/f/333611/7587x5060/8107aff0ef/adobestock_586524540.jpeg",{},{"_uid":557,"text":558,"alignment":85,"component":94,"paragraph_size":95},"fe02a449-a42f-4040-a8fb-43b477f83bb1",{"type":47,"content":559},[560,584,599,607,618,626,637],{"type":50,"attrs":561,"content":562},{"textAlign":23},[563,568,579],{"text":564,"type":114,"marks":565},"As the ",[566],{"type":117,"attrs":567},{"color":326},{"text":569,"type":114,"marks":570},"EV market has expanded",[571,574,577,578],{"type":173,"attrs":572},{"href":573,"uuid":23,"anchor":23,"target":202,"linktype":177},"https://benchmarkminerals.com/ev-and-battery",{"type":117,"attrs":575},{"color":576},"#467886",{"type":165},{"type":180},{"text":580,"type":114,"marks":581},", a diverse set of players have emerged to dominate the landscape. These include legacy OEMs with established histories in ICE vehicles and a newer cohort of entrants with little to no ties to traditional automotive production. ",[582],{"type":117,"attrs":583},{"color":326},{"type":585,"attrs":586,"content":588},"heading",{"level":587,"textAlign":23},4,[589],{"text":590,"type":114,"marks":591},"Europe",[592,594,595],{"type":117,"attrs":593},{"color":326},{"type":165},{"type":596,"attrs":597},"styled",{"class":598},"paragraph-base",{"type":50,"attrs":600,"content":601},{"textAlign":23},[602],{"text":603,"type":114,"marks":604},"In Europe, legacy automakers including Volkswagen Group, Stellantis, Renault, BMW, and Volvo have led the transition, drawing on existing manufacturing scale and brand recognition. Most offer a range of HEVs, PHEVs, and BEVs, and have set formal electrification targets.",[605],{"type":117,"attrs":606},{"color":326},{"type":585,"attrs":608,"content":609},{"level":587,"textAlign":23},[610],{"text":611,"type":114,"marks":612},"North America",[613,615,616],{"type":117,"attrs":614},{"color":326},{"type":165},{"type":596,"attrs":617},{"class":598},{"type":50,"attrs":619,"content":620},{"textAlign":23},[621],{"text":622,"type":114,"marks":623},"North America's EV market has been shaped more by new entrants than legacy players. Tesla dominates regional sales, led by the Model 3 and Model Y. GM and Ford are expanding their EV ranges in response. Startups including Rivian and Lucid Motors have also established a foothold in niche segments.",[624],{"type":117,"attrs":625},{"color":326},{"type":585,"attrs":627,"content":628},{"level":587,"textAlign":23},[629],{"text":630,"type":114,"marks":631},"China ",[632,634,635],{"type":117,"attrs":633},{"color":326},{"type":165},{"type":596,"attrs":636},{"class":598},{"type":50,"attrs":638,"content":639},{"textAlign":23},[640],{"text":641,"type":114,"marks":642},"China's market combines established names such as SAIC and Geely with a fast-growing cohort of newer players. 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The US IRA offers incentives for domestic or allied-nation sourcing, but reshoring is slow and capital-intensive. The war in Ukraine added further pressure by driving up energy costs in key production regions, and competition over battery patents and manufacturing processes is complicating international investment.",[812],{"type":117,"attrs":813},{"color":326},{"type":50,"attrs":815,"content":816},{"textAlign":23},[817],{"text":818,"type":114,"marks":819},"Is scepticism towards new technologies slowing EV adoption?",[820],{"type":165},{"type":50,"attrs":822,"content":823},{"textAlign":23},[824,829,837,842,849],{"text":825,"type":114,"marks":826},"Scepticism around the ",[827],{"type":117,"attrs":828},{"color":326},{"text":830,"type":114,"marks":831},"environmental impact of battery production",[832,834,836],{"type":173,"attrs":833},{"href":220,"uuid":23,"anchor":23,"target":23,"linktype":177},{"type":117,"attrs":835},{"color":326},{"type":180},{"text":838,"type":114,"marks":839},", range limitations, ",[840],{"type":117,"attrs":841},{"color":326},{"text":260,"type":114,"marks":843},[844,846,848],{"type":173,"attrs":845},{"href":264,"uuid":23,"anchor":23,"target":23,"linktype":177},{"type":117,"attrs":847},{"color":326},{"type":180},{"text":850,"type":114,"marks":851},", and long-term reliability remains a barrier for some consumers. In practice, many of these concerns are diminishing as adoption widens and real-world data accumulates.",[852],{"type":117,"attrs":853},{"color":326},{"type":50,"attrs":855,"content":856},{"textAlign":23},[857],{"text":858,"type":114,"marks":859},"What opportunities lie in new technologies?",[860],{"type":165},{"type":50,"attrs":862,"content":863},{"textAlign":23},[864,869,877,882,890],{"text":865,"type":114,"marks":866},"Battery integration is evolving alongside chemistry. ",[867],{"type":117,"attrs":868},{"color":326},{"text":870,"type":114,"marks":871},"Cell-to-pack",[872,874,876],{"type":173,"attrs":873},{"href":272,"uuid":23,"anchor":23,"target":23,"linktype":177},{"type":117,"attrs":875},{"color":326},{"type":180},{"text":878,"type":114,"marks":879}," designs integrate cells directly into the pack, removing the module layer and reducing cost. ",[880],{"type":117,"attrs":881},{"color":326},{"text":883,"type":114,"marks":884},"Cell-to-chassis",[885,887,889],{"type":173,"attrs":886},{"href":272,"uuid":23,"anchor":23,"target":23,"linktype":177},{"type":117,"attrs":888},{"color":326},{"type":180},{"text":891,"type":114,"marks":892}," goes further, embedding cells into the vehicle structure itself.",[893],{"type":117,"attrs":894},{"color":326},{"type":50,"attrs":896,"content":897},{"textAlign":23},[898,903,911,916,924,929,938],{"text":899,"type":114,"marks":900},"On chemistry, ",[901],{"type":117,"attrs":902},{"color":326},{"text":904,"type":114,"marks":905},"solid-state and semi-solid-state batteries",[906,908,910],{"type":173,"attrs":907},{"href":272,"uuid":23,"anchor":23,"target":23,"linktype":177},{"type":117,"attrs":909},{"color":326},{"type":180},{"text":912,"type":114,"marks":913}," are in development, promising higher energy density and improved safety. New chemistries including ",[914],{"type":117,"attrs":915},{"color":326},{"text":917,"type":114,"marks":918},"sodium-ion",[919,921,923],{"type":173,"attrs":920},{"href":272,"uuid":23,"anchor":23,"target":23,"linktype":177},{"type":117,"attrs":922},{"color":326},{"type":180},{"text":925,"type":114,"marks":926},", lithium-sulphur, and ",[927],{"type":117,"attrs":928},{"color":326},{"text":930,"type":114,"marks":931},"manganese-rich variants such as LMR and LMFP",[932,935,937],{"type":173,"attrs":933},{"href":934,"uuid":23,"anchor":23,"target":23,"linktype":177},"https://www.benchmarkminerals.com/manganese",{"type":117,"attrs":936},{"color":326},{"type":180},{"text":939,"type":114,"marks":940}," are also progressing each a potential route to lower cost, better performance, or reduced material dependency.",[941],{"type":117,"attrs":942},{"color":326},{"_uid":944,"buttons":945,"vertical":30,"alignment":58,"component":133},"77d93b1c-132c-42ea-9f6f-20d6abb931bc",[946],{"_uid":947,"link":948,"size":41,"label":42,"theme":43,"component":44},"abec8bae-13d3-4d3b-87c0-9d7acdfc1936",{"id":37,"url":12,"linktype":38,"fieldtype":39,"cached_url":40},{"_uid":950,"content":951,"anchor_id":12,"component":71,"top_spacing":12,"bottom_spacing":74,"container_width":72,"background_color":288,"vertical_spacing":136},"dfe01463-3c6b-423e-86ec-396cfedef685",[952],{"_uid":953,"content":954,"component":134},"1d2d02ed-0f5b-4c25-afbf-08b3044649ad",[955],{"_uid":956,"link":957,"content":958,"alignment":85,"component":86,"heading_tag":147,"left_border":30,"sub_heading":12,"heading_size":147},"361fa48a-c7f5-4acb-b53e-452b5f7f0f33",{"id":12,"url":12,"linktype":38,"fieldtype":39,"cached_url":12},"Read More about Battery Electric Vehicles (BEVs) & the EV Battery Market",{"_uid":960,"content":961,"anchor_id":12,"component":71,"top_spacing":12,"bottom_spacing":12,"container_width":72,"background_color":288,"vertical_spacing":136},"7a1c1a8d-c5e9-4e5b-8f30-0cb7f0154951",[962],{"_uid":963,"category":964,"component":965},"fc2009dc-2b76-4ca4-b4d0-ffc8a000d9a4","ev","BlocksSourceArticlesCarousel",{"_uid":967,"content":968,"anchor_id":12,"component":71,"container_width":72,"background_color":73,"vertical_spacing":136},"fec35b28-2424-4f6e-b211-6265a23e59c4",[969],{"_uid":970,"link":971,"heading":979,"component":980,"faq_items":981,"description":1057},"de9aae8a-ab6f-4b53-84bc-8d0bf5b82825",[972],{"_uid":973,"link":974,"label":977,"component":978},"4897a432-f74d-4910-a8a7-da7eae6f997b",{"id":975,"url":12,"linktype":38,"fieldtype":39,"cached_url":976},"4891e495-7c26-4b9b-8799-b82ef95977d3","homepage","Contact Us","DesignButtonLink","General FAQs","BlocksFAQ",[982,997,1010,1023,1033,1045],{"_uid":983,"answer":984,"opened":15,"question":995,"component":996,"existing_faq":12},"f3fc4854-3db6-41bb-b3c7-3cb0eed29cd7",{"type":47,"content":985},[986],{"type":50,"attrs":987,"content":988},{"textAlign":23},[989],{"text":990,"type":114,"marks":991},"The EV market is growing rapidly, with global sales increasing by over 30% annually in recent years. Key drivers include government policy and incentives, legislation and battery costs which in turn effect the price of the whole vehicle.",[992],{"type":117,"attrs":993},{"color":994},"#282944","How fast is the EV market growing, and what factors are driving its expansion?","DesignFAQItem",{"_uid":998,"answer":999,"opened":30,"question":1009,"component":996,"existing_faq":12},"15babfcf-5293-4f98-a5a0-dc4df36b6312",{"type":47,"content":1000},[1001],{"type":50,"attrs":1002,"content":1003},{"textAlign":23},[1004],{"text":1005,"type":114,"marks":1006},"The biggest challenges range from navigating the geopolitics of the industry with countries wanting to protect their own domestic industries aiming not to become overly dependent on specific countries. This is combined with raw material and component constraints such as for demand for lithium, nickel, and cobalt or battery cells.",[1007],{"type":117,"attrs":1008},{"color":994},"What are the biggest supply chain challenges facing EVs and batteries?",{"_uid":1011,"answer":1012,"opened":30,"question":1022,"component":996,"existing_faq":12},"5a5bc692-72fb-4883-b8dc-c94425b43c89",{"type":47,"content":1013},[1014],{"type":50,"attrs":1015,"content":1016},{"textAlign":23},[1017],{"text":1018,"type":114,"marks":1019},"Next-generation batteries will shape the future of these industries such as the rise of solid-state, sodium-ion, or new LFP batteries. Increased energy density, faster charging and improved safety will help shape the industry. This combined with falling costs of batteries lay the foundations for a positive strong future.",[1020],{"type":117,"attrs":1021},{"color":994},"What trends are shaping the future of EVs and battery technology?",{"_uid":1024,"answer":1025,"opened":30,"question":1032,"component":996},"5facba9f-8ce2-411f-9135-0f5368f91d93",{"type":47,"content":1026},[1027],{"type":50,"attrs":1028,"content":1029},{"textAlign":23},[1030],{"text":1031,"type":114},"A battery electric vehicle (BEV) is a type of electric vehicle that runs entirely on electricity stored in rechargeable lithium-ion battery packs. Unlike hybrid vehicles, BEVs have no internal combustion engine and produce zero tailpipe emissions. The electric vehicle battery market has grown substantially as battery electric vehicles become more affordable and practical.  ","What is a battery electric vehicle?  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