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Global Demand for EV Batteries to Rise to 3,500 GWh by 2030: IEA

China currently produces three-quarters of all lithium-ion batteries

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Demand for electric vehicle (EV) batteries will increase from the current 340 GWh to over 3,500 GWh by 2030. The findings were published in the International Energy Agency’s (IEA) report, ‘Global Supply Chains of EV Batteries.’

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