Home Market Spotlight Global market for EV batteries expected to reach $250 bln by 2030 – Chinese official

Global market for EV batteries expected to reach $250 bln by 2030 – Chinese official

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Global market for EV batteries expected to reach $250 bln by 2030 – Chinese official


Employees work on the production line of electric vehicle (EV) battery manufacturer Octillion in Hefei, Anhui province, China March 30, 2021. Picture taken March 30, 2021. REUTERS/Aly Song

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SHANGHAI, Aug 27 (Reuters) – The global market for electric vehicle (EV) batteries is expected to reach $250 billion by 2030, with demand exceeding 3.5 terawatt hours, said Wan Gang, president of China’s World New Energy Vehicle Congress, speaking in Beijing on Saturday.

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Reporting by Josh Horwitz and Zoey Zhang; Editing by Kenneth Maxwell

Our Standards: The Thomson Reuters Trust Principles.

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