Share of four wheelers electric vehicle battery sales by chemistry and region, 2023-2025

Sources

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

Notes

2025 values estimated based on latest available data. EMDEs = Emerging markets and developing economies. LFP = lithium iron phosphate. Two/three-wheelers are excluded from the analysis. Low-nickel includes lithium nickel manganese cobalt oxide (NMC) 333, NMC442, and NMC532. High-nickel includes NMC622, NMC721, NMC811, lithium nickel cobalt aluminium oxide (NCA), and lithium nickel manganese cobalt aluminium oxide (NMCA). LFP also includes lithium iron manganese phosphate (LFMP). Battery chemistry sales share is based on the battery capacity of EVs registered in the different regions. Electric vehicle and battery stockpiling are excluded from the analysis.