Study: Europe can cover demand for EV batteries on its own

Until 2030, €290 billion will have to be invested worldwide to meet the demand for EV batteries. This is the conclusion of a study by management consultants PWC. 15 percent of investments needed for the market ramp-up have already been made. In China, where batteries with a capacity of a good 1600 gigawatt hours will have to be built by 2030, a quarter of the investments due by 2030 have already been made.