Recycling not sufficient to supply EV demand - Woodmac
Lithium-ion battery recycling alone will be unable to meet global demand for battery raw materials, researcher Wood Mackenzie (Woodmac) said.
The electrification of the transportation sector has caused a boom in demand for lithium-ion batteries, and global cumulative lithium-ion battery capacity could rise over five-fold to 5 500 GWh between 2021 and 2030.
The electrification of the transportation sector has caused a boom in demand for lithium-ion batteries, and global cumulative lithium-ion battery capacity could rise over five-fold to 5 500 GWh between 2021 and 2030.