Lithium-Ion Battery Statistics

The lithium-ion battery is used across the globe to power a range of products including electric vehicles, solar energy storage systems, e bikes and various small and large appliances. 

As we see the rising demand for lithium ion batteries, our team has explored some key statistics relating to their growth, environmental impact, and capacity. 

6 Lithium Ion Battery Statistics For 2024

The vast majority of lithium-ion batteries—about 77% of the world’s supply—are manufactured in China

Let’s start with the big one—China. It’s no secret that China is a manufacturing giant, but did you know that it produces a whopping 77% of the world’s lithium-ion batteries? That’s right, more than three-quarters of the global supply comes from the country.

Whether it’s batteries for electric vehicles or solar panels, the Chinese lithium-ion battery industry is cranking out power cells at an unmatched pace.

For manufacturing the Tesla Model 3, holding an 80 kWh lithium-ion battery, CO2 emissions would range between 2400 kg (almost two and a half metric tons) and 16,000 kg (16 metric tons).

To build a Tesla Model 3, which houses an 80 kWh lithium-ion battery, the CO2 emissions can range anywhere from 2,400 kg to 16,000 kg. That’s up to 16 metric tons of carbon emissions just to produce one of these beauties! Sure, the emissions from driving electric cars are a fraction of traditional vehicles, but the battery production process still packs a punch.

The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030.

Now, let’s talk about money—specifically, the global lithium-ion battery market. In 2023, the market size was pegged at USD 54.4 billion, and get this—it’s expected to grow at a mind-boggling 20.3% annual rate through 2030. 

That’s a pretty solid growth curve, driven by the surge in electric vehicles, renewable energy, and energy storage needs. In short, we’re just getting started, folks.

Asia-Pacific dominated the lithium-ion battery market with a market share of 48.45% in 2023.

The Asia-Pacific region is leading the charge (pun intended) when it comes to dominating the lithium-ion battery market. 

In 2023, the region held an impressive 48.45% market share. With countries like China and South Korea ramping up production, and Australia mining more lithium than ever, the Asia-Pacific is holding down the fort as the centre of battery production.

In 2023, Australia was the world leader in terms of lithium mine production, with an estimated output of 86,000 metric tons. 

Speaking of mining, Australia is absolutely crushing it when it comes to lithium production. In 2023, they were the global leader, mining an estimated 86,000 metric tons of lithium. That’s a whole lot of lithium nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) just waiting to be turned into high-energy-density batteries. 

With the United States and other nations pushing for more clean energy, you can bet that demand for Australian lithium will keep climbing. 

Approximately 15 tonnes of CO2 are emitted for every tonne of lithium extracted.

But here’s the kicker—lithium extraction has its own environmental toll. For every tonne of lithium extracted, about 15 tonnes of CO2 are emitted into the atmosphere. 

That’s not great news for our carbon footprint, especially considering the rising demand for li-ion batteries in passenger cars and other applications. 

It’s a tough balancing act—meeting the growing need for clean energy while minimising the impact of extracting the raw materials that make it possible.

Dispose Of Lithium-Ion Batteries Safely

In a world where we’re constantly searching for better energy sources and ways to harness renewable energy, lithium-ion batteries are the key to unlocking a sustainable future. Their battery chemistry—whether it’s oxide NCA or lithium iron phosphate LFP—allows us to store and use energy more efficiently. As the world transitions to more electric passenger cars and clean energy systems, the importance of lithium-ion batteries can’t be overstated.

If you are a business based in the UK looking for sustainable solutions, we are here to help. Our team is trained to safely handle lithium batteries, ensuring they are transported to licensed treatment and recycling facilities. Here, the materials can be recycled effectively into new products, diverting waste from causing harm to both human health and the environment.