Global market for EV batteries expected to reach $250b


FE Team | Published: August 27, 2022 18:45:04


Employees work on the production line of electric vehicle (EV) battery manufacturer Octillion in Hefei, Anhui province, China March 30, 2021. Picture taken March 30, 2021. REUTERS/Aly Song

The global market for electric vehicle (EV) batteries is expected to reach $250 billion by 2030, with demand exceeding 3.5 terrawatt hours, said Wan Gang, president of China's World New Energy Vehicle Congress, speaking in Beijing on Saturday.


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