Stephen Gifford joined the Faraday Institution in March 2019. His focus is on making the organisation the go-to place for insights into the technological, economic and social benefits of batteries and electrical energy storage. He is developing techno-economic models of supply, demand and cost, covering both global and the UK markets.Stephen has over 25 years of economics experience, including as the Chief Economist at Grant Thornton, the Director of Economics at the CBI and as a senior economist at KPMG, Oxford Economics and the Prime Minister’s Strategy Unit. Prior to joining the Faraday Institution, Stephen was Head of Economic Regulation at the Civil Aviation Authority, where he focused on the regulation of Heathrow and Gatwick airports, and the development of the new runway at Heathrow. Stephen is currently a Commissioner in the National Infrastructure Commission for Wales.Stephen brings particular skills and expertise in economic policy, transport economics, infrastructure, market assessment and the role of the public sector. He has a first-class degree in Economics from the University of Liverpool and a MSc in Econometrics and Mathematical Economics from the London School of Economics.View the profile
About the talk
• Ending UK sales of new vehicles running on diesel and petrol by 2035 will massively increase demand for lithium, cobalt and nickel used to manufacture electric vehicle batteries
• To satisfy demand for EVs, in 2035 global demand is likely to be around 450 kt cobalt, 2,500kt LCE, and 2,800kt nickel, under a projection of 3.9 TWh of global EV battery production.
• Global production of lithium cobalt will need to increase by 5 times and 3 times respectively between 2018 and 2035
• Global markets for raw materials should be able to deliver the demand.
• But action is needed now to iron out likely bottlenecks in supply chains.
01:20 Demand for raw materials to 2035
03:10 Global demand and supply of key minerals
04:23 Global cobalt and lithium resources and reserves
Yeah, I guess some hello. Everyone Steven you were going to a conference just a quick please tell me if I'm not making any sense to take a longer one discussion. So 1 minute on the Friday institution, which is the UK's independent Institute for electrochemical search Innovations. Perla batteries were looking at The battery technologies heading over the next decade the implications for the in the next three or four slide. Main industry of the European manufacturing European gigafactory past 8:40 to go with us, but we expect
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MINEX Central and Eastern Europe, MINEX Western & Northern Europe, MINEX Southern Europe materials (3 June, 1 and 2 July 2020)
MINEX Central and Eastern Europe and MINEX Western & Northern Europe materials
MINEX Western and Northern Europe and MINEX Southern Europe materials
MINEX Western and Northern Europe materials
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