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Adamas Intelligence forecasts global passenger EV market to deploy 762.9 GWh onto roads in 2023; December rule of thumb

Adamas Intelligence predicts that in 2023, a booming 762.9 GWh of battery capacity will be deployed onto roads in newly passenger EVs globally (+/- 12%). Additionally, Adamas projects that 19.7 million passenger EVs (HEVs, PHEVs, BEVs) will be sold globally (+/- 10%) in 2023, translating to a sales-weighted average pack...
Adamas Intelligence

Adamas Intelligence expects 10-fold increase in value of rare earths to $36.2B by 2035; growth led by passenger EV traction motors

In 2022, Adamas Intelligence calculated that $3.8 billion worth of magnet rare earth oxides—i.e., NdPr, Dy and Tb oxides—were consumed globally in NdFeB alloys for energy-transition-related applications, including EV traction motors and wind power generators. The total value of rare earth oxides consumed for the energy transition each year quadrupled...
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