• About Us
  • Contact
Thursday, March 23, 2023
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Sectors Energy

Global demand for lithium batteries to leap five-fold by 2030

by Editor
16/02/2023
in Energy
0
Global demand for lithium batteries to leap five-fold by 2030
Share on FacebookShare on Twitter

Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems.

Demand for lithium batteries in the United States is expected to grow more than six times and translate into $55-billion per year by the end of the decade, but still the country is expected to depend on imports for supply, the report added.

Li-Bridge works toward accelerating the development of a robust supply chain for lithium-based batteries and the coordination is led by Argonne National Laboratory, which is funded by the US Department of Energy.

Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems. PHOTO / COURTESY.

Demand for EVs has soared over the past few years, as climate-conscious consumers snap up cars with electric powertrains, amid soaring fuel prices.

Lithium batteries that would power a range of vehicles over the next few years will also be essential to military systems and consumer, medical, and industrial electronics.

According to the Li-Bridge report, under current conditions US companies and workers will capture less than 30% of the value of cells consumed domestically.

“The lack of a substantial lithium battery supply chain in the United States and the lack of secure access to energy materials pose serious threats to US national and economic security,” Li-Bridge said.

Source: Mining Weekly

Editor

Editor

Next Post
New car dealers double exports to East Africa

New car dealers double exports to East Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Thu, 23 Mar.

Recommended

Zanzibar export value declines to $167.6 million in September on decreased cloves receipts

Zanzibar export value declines to $167.6 million in September on decreased cloves receipts

4 months ago
Taifa Gas to set up LPG plant in Mombasa in new expansion drive

Taifa Gas to set up LPG plant in Mombasa in new expansion drive

9 months ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Others
    • Q&A Interviews
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili