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2021 Global Electric Truck Battery Growth Opportunities - Technological Evolution, Improving Economics and Policy Changes are Poised to Drive the Market - ResearchAndMarkets.com

·5 min read

DUBLIN, January 12, 2022--(BUSINESS WIRE)--The "Global Electric Truck Battery Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

With the framing of stringent emission norms and strong regulatory push, the automotive industry is fully prepared to shift toward electric powertrains. Although automakers have been investing in various alternative powertrain technologies to achieve low/zero emission, Electric Vehicles (EV) look promising for OEMs. They and battery manufacturers are preparing themselves to meet the expected demand boom in the next decade.

Unlike passenger vehicles, commercial vehicle owners look for cost per mile and want the trucks to be commercially viable, rather than having a comfortable driving experience. With falling battery prices, electric trucks are expected to be viable and a fantastic fit in certain applications, including last-mile delivery and regional haul, beyond 2023.

Battery is the most expensive commodity in electric trucks at present. As the demand for batteries increases, prices are expected to fall below $100 per KWh by 2030. Nickel Manganese Cobalt (NMC) chemistries is expected to be widely used in commercial vehicles across all segments, due to higher energy density and power. Lithium Iron Phosphate (LFP) is the second-most popular battery chemistry due to safety and lower costs.

The increase in battery production capacity and heavy competition among battery manufacturers is driving the battery ecosystem to offer cost-competitive prices with increased utilization. Solid-state batteries offer better value proposition with improved safety, longer life cycles, higher energy density, and improved thermal stability. The technological advancements in solid-state batteries will make it best suitable for electric trucks in the long term.

Asian manufacturers have been on top of the lithium-ion battery supply to the EV industry. China held more than 70% of the total EV battery market in 2020. Major suppliers, including CATL, BYD, LG Chem, Samsung, and SK Innovation, have already ramped up production capacities and have huge targets for the coming years in terms of installed capacities. These suppliers have signed supply contracts with key electric truck manufacturers in the world to help them reach sales targets in order to comply with stringent emission standards. Europe is turning out to be the most attractive production destination because it is already home to many EV manufacturers. CATL and Tesla have announced plans to expand their production facilities in Europe.

Technological evolution, improving economics, and policy changes are poised to drive the electric truck battery market. The market opportunity for electric truck batteries is estimated to be more than $80 billion by 2030.

Key Topics Covered:

1. Strategic Imperatives

2. Growth Environment

  • Key Takeaways

  • Key Growth Metrics

  • Global Electric Truck Forecast - Overview

  • Lithium and Cobalt - Supply Versus Demand by 2025

  • Battery Technology Roadmap

  • Global Lithium-ion Battery (LiB) Production Forecast

  • Battery Portfolio - Battery Value Chain Mapping

  • Global Battery Chemistry Trend

  • Growth Drivers

  • Growth Restraints

  • Research Scope

  • Research Aims and Objectives

  • Key Questions This Study Will Answer

  • Powertrain Technology Segmentation

3. Electric Truck Market Outlook

  • Global Electric Truck Forecast - Overview

  • Battery Chemistry Analysis - Key OEMs

  • Key OEM Models - Battery Capacity Mapping, North America

  • Key OEM Models - Battery Capacity Mapping, Europe

  • OEM - Battery Cell Supplier Mapping

  • OEM - Battery Pack Supplier Analysis

4. Battery Value Chain - Overview

  • Battery Manufacturing Value Chain Snapshot

  • Cell Manufacturing - Process Steps

  • Cathode Suppliers

  • Key Value Chain Participants in Battery Pack Manufacturing

  • Value Share Along the Value Chain

5. Raw Materials for LiB

  • Raw Material Availability

  • LiB Raw Material Availability - Regional Overview

  • Raw Material - Supply Versus Demand

  • Lithium Consumption and Demand by 2025

  • Lithium Supply Chain

  • Cobalt Consumption and Demand by 2025

6. Battery Production Forecast

  • Global Li-ion Battery Production Forecast

  • Battery Production Scenario - Regional Overview

  • Battery Production Capacity by Manufacturer

  • Global Li-ion Battery Production Capacity - 2020 and 2025

  • LiB Production Plants in China, 2020

  • Gigafactories Planned in Europe, 2025

7. Battery Chemistry - Current and Future Trends

  • Future of Battery Chemistries

  • Lithium ion Batteries Look Promising

  • NMC Battery Chemistry - Roadmap

  • NMC Battery Chemistry Gains Popularity due to Higher Energy

  • Key Raw Material Composition by Battery Chemistry

  • Battery Form Types

  • Battery Supply Chain by Chemistry and Type

  • Blade Battery - Advantages

  • Case Study - BYD Blade Battery

  • CV Battery Development by Disrupting OEMs

8. Solid State Batteries

9. Growth Opportunity Analysis - LiB Demand in CVs

  • Battery Capacity Forecast

  • Revenue Forecast

  • Europe - Battery Chemistry Forecast, 2025

  • North America - Battery Chemistry Forecast, 2025

  • Forecast Analysis - Electric Truck Battery

  • Comparative Analysis of CV Battery Chemistries

10. Battery Cost Analysis

  • LFP and NMC Pack Cost Forecast - For Commercial Vehicles

  • Li-ion Battery Cost Breakdown

  • Li-ion Battery Cell Cost Breakdown by Chemistry

11. Impact on TCO with Battery Chemistries

  • Impact of Battery Capacity on Payload

  • Diesel Versus Electric (LFP, NMC)

12. Opportunity Analysis

  • Opportunity by Vehicle Type

  • Opportunities in Supply Chain Optimization

  • Opportunities in Battery Second Life and Recycling

13. Growth Opportunity Universe

  • Growth Opportunity 1 - Competence of Battery Technology Vital for Market Growth

  • Growth Opportunity 2 - Opportunities in Supply Chain for Viability

  • Growth Opportunity 3 - Falling Battery Costs and Improving Economics to Boost Market Demand

For more information about this report visit https://www.researchandmarkets.com/r/paxa1y

View source version on businesswire.com: https://www.businesswire.com/news/home/20220112005722/en/


Laura Wood, Senior Press Manager
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