Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B
Green Car Congress
JULY 18, 2011
This means that we will need 3x more battery capacity investments to meet 2020 EV demand. “Contributing to the short-term over-capacity issue is that manufacturers rushed to build out capacity ahead of demand to (a) capture stimulus funding and (b) try to drive scale to reduce cost.
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