Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035
Green Car Congress
JUNE 20, 2023
Manufacturing the additional 2.7 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. With this, the country has built up substantial expertise in building the required production facilities at a relatively low cost.
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