What will be the market share of sodium-ion batteries in EVs by 2030?
2
Ṁ355Ṁ352030
14%
0% to 5%
18%
5% to 15%
27%
15% to 25%
27%
25% to 50%
14%
Over 50%
Sodium-ion batteries appear to be in the process of commercialization, with multiple companies claiming to mass-produce them today. Meanwhile academics claim to have mitigated all their downsides except the lower energy density, and the cost is expected to be lower than lithium-ion. Not requiring lithium or cobalt in manufacturing also mitigates some geopolitical risks due to the uneven distribution of these minerals.
"Market share" is defined as "% of new EVs sold globally powered by sodium-ion batteries". If multiple types of batteries are used, the EV counts as powered by sodium-ion if this battery type accounts for at least 50% of the total capacity.
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