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31 Mar
17:17

Battery demand to peak at 20 TWh in mid-2040s: Rystad

Global combined battery demand for transportation and energy storage system (ESS) is forecast to plateau at 20 terawatt-hours (TWh) in the mid-2040s, Rystad Energy said on Wednesday. The company’s latest Energy Transition Report reveals battery demand will skyrocket mainly due to new passenger cars, which are set to account for 70% of battery demand in the long term and nearly all demand till 2025. Then, demand is set to pick up in the heavy transport secto…
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