In the News

Derived Demand - Soaring Demand for Electric Vehicle Batteries

Geoff Riley

16th August 2017

Share this content:

Here is a great example of derived demand. According to this chart from the Economist, demand for vehicle batteries to charge electric vehicles could overtake that from consumer electronics as early as next year.

Demand for vehicle batteries could overtake that from consumer electronics as early as next year https://t.co/euRhjLtpFm pic.twitter.com/Vf3P7yTjAP
— The Economist Data Team (@ECONdailycharts) August 15, 2017

The £30m Faraday Challenge Prize is looking for the best research projects designed to design, development & manufacture of batteries for vehicle electrification.

£30m #innovationfunding to support design, development & manufacture of batteries for vehicle electrification https://t.co/dlkQhooxOd pic.twitter.com/OVbFdH5yb5
— R&D Funding Group (@RandD_Funding) August 14, 2017

Demand for lithium - used in vehicle batteries - is rising and this is potentially good news for the Cornish economy.

Lithium mining in Cornwall gets £1m boost https://t.co/LtUqGqvJqT
— BBC World Business (@BBCWorldBiz) August 14, 2017

For the internal combustion engine it’s not if but when will it be consigned to the history books #ev #auto #climateaction pic.twitter.com/Z1L0ihloiL
— We Mean Business Coalition (inactive) (@WMBtweets) August 21, 2017

Share this content:

Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

Explore

More for students

Teaching Economics

Derived Demand - Soaring Demand for Electric Vehicle Batteries

Geoff Riley

You might also like

In the News Teaching Activity – Why is VW cutting jobs? (Mar 2026)

In the News Teaching Activity – Why has the price of silver been rising? (Dec 2025)

Is there a deeper cost to cheaper Chinese EVs?

In the News Teaching Activity – why are Tesla sales in Europe declining? (Mar 2025)

In the News Teaching Activity – How fears of peanut contamination may affect the spice products market (Oct 2024)

The Electric Roadblock: Why Europe’s Green Car Revolution Needs a Jumpstart

Generative AI and Derived Demand

Electric Car Wars: Challenges for European and American Automakers

Explore

More for students

Subjects

Quick links

Student events & courses

Teaching Economics

Derived Demand - Soaring Demand for Electric Vehicle Batteries

Geoff Riley

You might also like