Fitch Solutions forecasts nickel demand for EV batteries to grow 29.2% per year to 2030
Green Car Congress
MARCH 29, 2021
This estimate is a significant increase from the market analysis firm’s 2018 forecast, due to upwards revisions in its EV sales forecasts. Fitch bases its forecast on the underlying assumption that NMC 811 cathodes will rise to 80.0% of NMC market share by 2027—effectively raising the average nickel content.
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