Growth of Li-ion battery manufacturing capacity in key EV markets
Addition of tens of millions of EVs every year will require several thousand GWh of batteries
Whether the future of automotive industry lies in electrification is no more a debated topic. However, what is debated is how quickly the world will be able to let go its century-long dependence on fossil fuels and embrace electricity- powered vehicles. Several factors will play a role in determining this pace including the availability of enough batteries to enable this transition.