CALGARY, Alberta (April 12, 2023) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading global energy data analytics and SaaS technology company, has released a report covering electrical vehicle (EV) infrastructure, battery supply chain, demand for metals and the anticipated recycling boom that should ensue.
“Battery and metal recycling investments will boom this decade to prepare for numerous annual EV battery retirements,” said Carson Kearl, associate at EIR and report author.
“Automakers embracing lithium-iron-phosphate (LFP) technologies should outperform peers to the end of this decade,” Kearl added.
Key takeaways from the report:
- Accelerating EV adoption will significantly impact lithium, copper and nickel markets, but EIR expects that diversification in battery technologies, metal substitution and recycling should ensure metal availability for battery supply and EV adoption.
- LFP (lithium-iron-phosphate) chemistry emerges as a crucial adoption technology by offering safer, cheaper and longer-lasting batteries.
- U.S. battery manufacturing capacity is to expand 10X by 2030, reducing dependence on Chinese production. Local production of cathodes, anodes and auxiliary components will attract substantial near-term investments.
- The U.S. charging network will not be a barrier to adoption.
Members of the media should contact Jon Haubert to schedule an interview with one of Enverus’ expert analysts.
About Enverus
Enverus is the leading energy SaaS company delivering highly-technical insights and predictive/prescriptive analytics that empower customers to make decisions that increase profit. Enverus’ innovative technologies drive production and investment strategies, enable best practices for energy and commodity trading and risk management, and reduce costs through automated processes across critical business functions. Enverus is a strategic partner to more than 6,000 customers in 50 countries. Learn more at Enverus.com.
About Enverus Intelligence Research
Enverus Intelligence Research, Inc. is a subsidiary of Enverus and publishes energy-sector research that focuses on the oil and natural gas industries and broader energy topics including publicly traded and privately held oil, gas, midstream and other energy industry companies, basin studies (including characteristics, activity, infrastructure, etc.), commodity pricing forecasts, global macroeconomics and geopolitical matters.
Media Contact: Jon Haubert | 303.396.5996
