About 70% of the 2030 projected battery manufacturing capacity worldwide is already operational or committed, that is, projects have reached a final investment decision and are starting or begun construction, though announcements vary across regions.
Battery production has been ramping up quickly in the past few years to keep pace with increasing demand. In 2023, battery manufacturing reached 2.5 TWh, adding 780 GWh of capacity relative to 2022. The capacity added in 2023 was over 25% higher than in 2022.
Global battery manufacturing capacity by 2030, if announcements are completed in full and on time, could exceed 9 TWh by 2030, of which about 70% is already operational or otherwise committed.
batery market grew by 35% and 44%, respectively in 2023. A growth of 20% is projected for 2024, althoug the growth rate in Europe could slow down in particular. The cell production sites in Europe now have a nominal production capacity of approximately 190 GWh/a. In the short to medium term, p oduction capacity could be increased to almost 47
Satisfying demand from the UK’s automotive industry and other sectors will require 100GWh of battery manufacturing capacity by 2030. That requirement will increase to 200GWh by 2040. The UK, however, currently has only one gigafactory, which has less than 2GWh of capacity. It is run by Envision AESC near Nissan’s plant in Sunderland.
Stationary storage will also increase battery demand, accounting for about 400 GWh in STEPS and 500 GWh in APS in 2030, which is about 12% of EV battery demand in the same year in both the STEPS and the APS. IEA. Licence: CC BY 4.0 Battery production has been ramping up quickly in the past few years to keep pace with increasing demand.