Global EV battery industry will be ‘sold out’ by 2025: BofA
- Date: 21-Jul-2021
- Source: Yahoo News
- Sector:Industrial
- Country:Gulf
Global EV battery industry will be ‘sold out’ by 2025: BofA
According to a Bank of America Global Research (BAC) report, there is a looming threat of the global battery supply for electric vehicles (EVs) running dry by as early as 2025.
“Our updated EV battery supply-demand model suggests the global EV battery supply will likely hit [a] ‘sold-out’ situation between 2025-26, with its global operating rates reaching above 85%,” the report reads.
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