Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035
Green Car Congress
JUNE 20, 2023
The amount is just a fraction of the estimated $35 trillion needed to be spent on the energy transition by 2030, according to the International Renewable Energy Agency. Global investment in technologies to help the energy transition reached a record $1.3 trillion in 2022, IRENA said. Refined nickel, too, will pose a challenge.
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