Demand for electric vehicle (EV) batteries has surged as countries pledge to phase out gasoline cars and automakers roll out more EV models. According to a report from the International Energy Agency (IEA), global battery demand will grow to over 3500 GWh by 2030. Therefore, investment in the supply chain, especially in raw materials extraction, is needed now.
IEA: Global EV battery demand to reach 3500 GWh by 2030
28
Jul