Li-ion batteries will continue to remain the mainstay of electric vehicles until 2020 despite the limitation on sourcing of lithium as raw material and availability of the most used material in electric vehicle batteries says a Frost & Sullivan survey. The rise in sales of electric vehicles has accelerated the demand for Li-ion batteries and battery materials. This is due to the implementation of strict emissions standards globally and government policies which are incentivising EV products for promoting green mobility. While efforts are being made to develop alternatives for Li-ion batteries, adoption of such alternatives is expected to happen only in the second half of the decade. The study expects the requirement of high energy density batteries to play a key role in the selection of specific battery materials. With rapid expansion in battery manufacturing infrastructure, the need to mandate ethical sourcing of raw materials, reduction in the use of critical materials, and developing processes and infrastructure for recycling and end-of-life management for Li-ion batteries is also increasing as per the study.
