H1 doubled new registrations of passenger electric vehicles worldwide year-on-year

In a new report, British research firm Adamas Intelligence found that new registrations of passenger electric vehicles (EVs) worldwide increased by 109%
year-on-year in the first six months of 2021.

Adamas analysts found in the report that 4.
16 million new electric vehicles were registered in the first half of 2021, compared to 1.
99 million in the first half of 2020
.
This growth was primarily driven
by the Americas (up 135% year-over-year), Europe (up 124% year-over-year) and Asia-Pacific (up 94% year-over-year).

In Asia Pacific, EV sales nearly doubled year-on-year in the first half of 2021, implying a 172% increase in battery capacity deployed on the road compared to the same period last year, a 165% increase in lithium batteries, a 96% increase in nickel used on the road and a 95%
increase in cobalt over the same period.

Adamas also found that by the first half of 2021, the total global battery capacity deployment on the road for all newly sold passenger EVs totaled 108.
0 GWh, 157% more than the total capacity deployed globally in the same period last year
.

In the first half of the year, Tesla continued to "lead" in battery capacity deployed on the world's roads, deploying more watt-hours for newly sold electric vehicles than its six closest competitors combined
.

Seven global battery suppliers (CATL, LG Energy Solutions, Panasonic, Samsung SDI, BYD, SK Innovation and CALB) are collectively responsible for more than
90% of all battery capacity and battery metals deployed on the global passenger EV road in the first half of 2021.

During this period, CATL deployed 253% more battery capacity on the global road than in the same period last year, which translates into a 238% increase in lithium, a 185% increase in nickel and a 170%
increase in cobalt.

In the recent period, the deployment of lithium iron phosphate batteries (measured in watt-hours) has increased by 1,500% compared to the first half of 2020, resulting in average nickel and cobalt consumption per electric vehicle being almost unchanged
.

In addition, in the first half of 2021, all newly sold passenger electric vehicles deployed on global roads totaled 65,700 tonnes of lithium carbonate equivalent (LCE), up 155%
from the first half of 2020.
Of these, 51% of LCE is deployed as carbonate and 49% as hydroxide
.

With a surge in global sales of battery electric vehicles and plug-in hybrid electric vehicles in the second half of 2020, coupled with the recovery of lithium-rich LFP batteries in China, the weighted average LCE volume of global sales per electric vehicle was 16.
2 kg
during the deployment period.
This reflects a 24%
increase over the same period last year.

Notably, 58,900 tonnes of nickel are used in the batteries of all newly sold passenger electric vehicles worldwide, a 115%
increase from a year ago.

Adamas also found that among all newly sold passenger electric vehicles, cobalt's battery usage increased by 115% year-on-year to 12,600 tons
.