Volta Foundation
2024 Annual Battery Report
The Battery Report is the most-read report covering the battery industry. With 100,000+ readers each year, this report summarizes the most significant developments in the battery industry. Crowd-sourced from top industry, academic, and policy experts, this report provides a comprehensive and accessible overview of the latest battery research, policy, and business landscape.
518 pages · 46 sections
2024 by the numbers
17.7M
Global xEV sales
+25% year on year
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$115/kWh
Battery pack price
Record low, down 20% from 2023
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363 GWh
Cumulative global BESS capacity
150 GW; BESS grew 55% year on year
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1.45 TWh
Global battery manufacturing capacity
Up from 1.05 TWh
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80%
Key cell components and cells owned by China
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+50%
PHEV demand
BEV demand +14%
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Contents
Industry
- Overviewp.5
- Notable Eventsp.7
- Industry Value Chainp.21
- Financep.40
- Costsp.57
- Cell & Pack Manufacturingp.69
- Applicationsp.104
- Applications: Electric Vehicles (EV)p.106
- Applications: Battery Energy Storage Systems (BESS)p.137
- Applications: Otherp.174
- Safetyp.187
- Legalp.195
- Chemistryp.198
- Chemistry: Cathodep.203
- Chemistry: Anodep.233
- Chemistry: Electrolyte & Separatorp.250
- Chemistry: Solid Statep.259
- Chemistry: Lithium-Sulphurp.269
- Chemistry: Non-Lithium Chemistriesp.277
- Supply Chain & Raw Materialsp.300
- Recycling & Reusep.317
- Softwarep.331
Academia
- Overviewp.354
- Macro Research Trendsp.356
- Seminal Literaturep.360
- Lithium-Ion: Cathodep.370
- Lithium-Ion: Anodep.377
- Lithium-Ion: Electrolytep.383
- Sodium Ionp.390
- New & Alternative Chemistriesp.397
- Fast & Extreme Fast Chargingp.404
- Fundamentalsp.408
- Life Prediction and Modellingp.413
- Testing & Analysis Techniquesp.420
- Recyclingp.426
- Battery Safetyp.429