Insight
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November 9, 2023
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1 minute read
Tesla workhorses haul more nickel than next 9 combined
Nickel deployment up 51% year-over-year in August 2023
In August 2023, a total of 26,187 tonnes of nickel were deployed onto roads globally in the batteries of all newly sold passenger EVs combined, 51% more than the same month the year prior, according to Adamas Intelligence data.
The Tesla Model Y and Model 3 hauled a combined 4,577 tonnes of nickel onto highways and byways around the world, more than the next nine EV models combined, and 59% more than the same month the year prior.
Trailing the Tesla workhorses at a distance in August were the VW ID.4, GAC Aion S Plus and Hyundai Ioniq 5, respectively.
Adamas take:
Tesla’s nickel demand is especially stark when considering that nickel-free LFP now makes up more than a third of all GWh installed in the Texas-based automaker’s Model Y & 3 combined.
