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InsideEVs

Technology

Mark Kane

Global Passenger xEV Battery Market Doubled In 2021: 286 GWh

Tesla Inc. CATL Panasonic LG Energy Solution

The global passenger xEV (BEVs, PHEVs, HEVs) battery market significantly expanded in 2021, reaching a new record level.

According to Adamas Intelligence, in 2021 about 286.2 GWh of battery capacity was deployed onto roads globally in all newly sold passenger xEVs. It's an 113% increase year-over-year, compared to 134.5 GWh estimated for 2020.

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