Share of electric vehicle sales by battery chemistry in selected regions, 2022-2024

Sources

IEA analysis based on data from EV Volumes and China Automotive Battery Industry Innovation Alliance.

Notes

LFP = lithium iron phosphate. Nickel-based includes all types of lithium nickel manganese cobalt oxide (NMC) and all types of lithium nickel cobalt aluminium oxide (NCA). LFP includes LFP and lithium iron manganese phosphate (LFMP). Battery chemistry sales share is based on the battery capacity of EVs registered in the different regions. This calculation assumes that 95% of electric trucks, buses and light commercial vehicles sold in China use LFP, and that 70% of electric trucks and electric buses sold outside of China use high-nickel chemistries. Two/three-wheelers are excluded from the analysis. EV or battery stockpiling is excluded from the analysis.