EFESO INSIGHT
Unlocking Optimization Potential in Materials, Design, and Production
Tackling cost drivers in the electric vehicle battery manufacturing
30% cost reduction
potential for EV batteries*
potential for EV batteries*
Material costs currently
account for 80% of the total cost of EV batteries
account for 80% of the total cost of EV batteries
Cost drivers
are raw materials such as lithium, nickel, and cobalt
are raw materials such as lithium, nickel, and cobalt
*Forecast for the European market
Demand for pure electric vehicles (BEVs – Battery Electric Vehicles) remains subdued in the European market, with high purchase prices deterring many potential buyers.
To bring BEV manufacturing costs closer to those of combustion engine vehicles, optimization potential in battery production, materials, and design must be fully leveraged. On the materials side, opportunities include alternative cell chemistries and enhancements to electrode components. At the same time, streamlined structures and innovative integration approaches can deliver significant benefits in battery design and development.
Our EFESO Insight provides an in-depth look at the key cost drivers in battery production across Europe. We break down the cost composition of rechargeable battery packs and cells, offering clear visibility into where costs accumulate.
We also identify starting points for systematic Cost Value Engineering, enabling you to identify the relevant cost drivers in your production processes.
