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lithium industryINN
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79% Informative
Demand for lithium-ion battery cells is projected to increase at a CAGR of 20.2 percent in the next decade .
This demand will be led by the electric vehicle sector, which currently accounts for nearly 1 terawatt hour (TWh) of production, with that amount expected to grow to almost 5 TWh by 2035 .
By 2030 , Supply Chain Insights expects to see a global hub model that can facilitate domestic EV markets.
The lithium-ion battery cell market is expected to expand at a CAGR of 20.2 percent over the next decade .
The lithium market will register a 14 percent CAGr.
In order to keep up with projected EV growth trends, supply wil need to double every five years .
To combat a potential shortage, lithium prices need to reach US$ 23,000 per metric ton.
VR Score
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