Demand for electric vehicles is expected to keep soaring. As a result, the value chain for batteries could increase by as much as tenfold by 2030 and reach annual revenue as high as $410 billion. To get ahead of delays and cost overruns, senior partner Martin Linder and coauthors suggest that companies consider sourcing—particularly battery manufacturing equipment and raw materials—during construction and production operations.

All aspects of the battery value chain are expected to grow rapidly through 2030.

To read the article, see “Power spike: How battery makers can respond to surging demand from EVs,” October 18, 2022.