Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035
Green Car Congress
JUNE 20, 2023
TWh of batteries needed by 2030 will require $201 billion and the midstream production of battery materials will take the remaining $93 billion. 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.
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