Global lithium-ion battery capacity may rise five-fold by 2030

Global lithium-ion battery capacity may rise over five-fold to 5,500 gigawatt-hour (GWh) by 2030 from 2021, consultancy Wood Mackenzie said on Tuesday, while cautioning that supply of batteries will remain tight this year. “Electric vehicle market accounts for almost 80 percent of lithium-ion battery demand and high oil prices are supporting more markets to roll out zero-emission transportation policies, causing demand for lithium-ion battery to skyrocket,” Wood Mackenzie consultant Jiayue Zheng said in a report.

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