Advanced Batteries & Energy Storage Research
Jan 25, 2024
EU Critical Raw Materials Act: Ambitious Targets to Secure Supply
Demand for Li-ion batteries continues to grow in sectors such as electric vehicles, stationary energy storage, and consumer electronics. From its market report, "Li-ion Battery Recycling Market 2023-2043", IDTechEx estimates that in 2023, total demand for Li-ion batteries was 750+ GWh across these sectors, which will increase to almost 10 TWh in 2043.