China's dominance in the battery market: Europe's offensive 2030 started!

China's dominance in the battery market: Europe's offensive 2030 started!

In recent years, the market for electric car batteries has developed rapidly, with China continued to play the dominant role. According to the International Energy Agency (IEA), seven out of ten e-car batteries ever built from the Middle Kingdom. In 2024, more than one Terrawatt hour of battery capacity was in demand for the first time worldwide, with 85 percent being used for electric cars. The price of battery packages fell below the $ 100 per kWh brand, mainly due to falling raw material prices and technical progress. China currently holds over 75 percent of the market share and is expected to fall to 38 percent in the EU by 2030, while Europe is conquering about 27 percent of the market, reports krone.at .

rising electricity demand in industry

At the same time, global electricity consumption increases, especially in aspiring markets. The IEA predicts that the electricity requirement will increase by almost four percent annually by 2027, driven by increased industrialized production and the growing demand for air conditioning systems and electric vehicles. An average annual increase of around six percent is expected in China. The production of solar panels and electric cars plays a crucial role. Even if the demand for renewable energies is growing, China also relies on coal as an energy source. In 2024, China began building coal-fired power plants in the amount of about 94.5 gigawatt, the highest value since 2015, according to the analysis of Tagesschau.de .

A positive trend is evident in the European Union, where the use of photovoltaics in 2024 exceeded coal use. In addition, the nuclear energy experiences a comeback because countries like France and Japan are again increasingly relying on this energy source. Despite the growing interest in renewable energies, the use of fossil fuels will remain at a high level by 2027. The IEA expects the generation of electricity from coal and natural gas in several emerging countries such as India and Southeast Asia because the demand remains high.