Global battery demand to quadruple by 2030

Global battery demand is expected to quadruple to 4,100 gigawatt-hour (GWh) between 2023 and 2030 as electric vehicle (EV) sales continue to rise. As a result, OEMs must hone in on their battery strategies, according to ‘Navigating the EC Battery Ecosystem’, a new report by Bain & Company. “Batteries are the single biggest cost driver for OEMs […]