The aim of this thesis work is to focus on the key elements used in electric vehicle’s Lithiumion batteries that are available in the form of reserve or as resources in Nordic region. The study investigates how much of these elements will be needed based on the current electric vehicles sales that is forecasted till 2030 in Nordic region. These sales are based on the Sustainable Development scenario of the International Energy Agency. Furthermore, the study focuses on the self-reliance of these critical raw materials (CRM) in the Nordic region and its ability to mitigate their demands till 2030. Since in each battery technology the amount of each CRM is different, ten scenarios based on battery technologies and ratios are assumed to check whether the available raw materials are adequate to cater dynamics in future demand.

Virgin materials are considered when it comes to resources and reserves, and the recycle and reuse of these CRM are not considered in the calculation. In addition, a sensitivity analysis is conducted based on different parameters to understand the dynamics and inter-relation of critical elements, their availability, battery chemistries and sizes.