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Record EV Lithium Deployment in Q3 2022, Consumption Up 70% Year-over-Year – Adamas Intelligence

ev lithium consumption

Record EV lithium deployment in Q3 2022, consumption up 70% year-over-year – Adamas Intelligence.

70% more LCE deployed in Q3 2022 than same period year prior

In Q3 2022, over 77,000 tonnes of lithium carbonate equivalent (“LCE”) were deployed onto roads in the cells of newly-sold passenger PHEVs and BEVs globally, 70% more than was deployed the same period the year prior, according to data from Adamas Intelligence.

Deployment up 100% in Asia Pacific, 70% in the Americas and just 18% in Europe In the Asia Pacific region, LCE deployment jumped 100% year-over-year in Q3 2022 to 49,000 tonnes on the back of a 91% rise in BEV and PHEV sales over the same period.

In Europe, deployment rose just 18% year-over-year in Q3 2022 to 16,600 tonnes following a mere 4% rise in BEV and PHEV sales over the same period.

And in the Americas, deployment rose 70% year-over-year in Q3 2022 to 11,300 tonnes stemming from a 42% rise in BEV and PHEV sales over the same period.

Chinese, American and German roads capture 77% of all LCE deployed in Q3 2022

In Q3 2022, China captured 58% of all LCE deployed onto roads globally, the U.S. rolled out another 13% and Germany 6% – collectively driving 77% of the global market, up from a combined 71% in Q3 2021.

LFP and NCM 5-series help lithium carbonate further its lead over hydroxide

In Q3 2022, 59% of LCE units deployed onto roads globally in newly-sold passenger PHEVs and BEVs were derived from lithium carbonate (versus 54% in Q3 2021) and 41% from hydroxide (versus 46% in Q3 2021) as LFP and NCM 5-series cells continue to regain market share from high-nickel NCM and NCA incumbents that use lithium hydroxide.

Tesla Model Y alone responsible for over 10% of global EV lithium consumption

As of Q3 2022, Adamas data counts 537 unique passenger PHEV and BEV models currently available for sale globally (and 749 unique model-versions). However just one of these models – the Tesla Model Y – was responsible for over 10% of all LCE deployed onto roads globally in Q3 2022, and over 15% in combination with the Model 3.

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Record EV Lithium Deployment in Q3 2022, Consumption Up 70% Year-over-Year, December 2, 2022

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