Auto industry's use of lithium-ion batteries to grow 7-fold by 2025
The use of lithium-ion batteries by automakers is expected grow seven-fold by 2025, helped mainly by their dropping costs as well as by subsidies and incentives in many countries, particularly in China, to encourage sales of electric vehicles. According to Will Adams, Metal Bulletin's Head of Research for the battery materials, base metals and precious metals markets, demand for lithium-ion batteries will soar to 650 GWh by 2025, from only 70 GWh last year.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063