Are batteries the key to saving the planet?
Source: https://www.israel21c.org/are-batteries-the-key-to-saving-the-planet/
Author: Moshiel Biton
The battery, a small and commonly unappreciated component, has a heavy weight resting on its shoulders, and will allow many industries, including EVs, to move to clean energy and thereby make oil, coal and gas less needed. EV sales hit a record 3 million in 2020, a 40 percent increase from 2019. This growth contrasts with the general car market, which fell by 16% due to the Covid-19 crisis. As such, there are now more than 10 million EVs on the road, which equates to approximately 1% of global car stock. The net zero emissions by 2050 scenario predicts 300 million EVs on the road as they now account for over 60% of new car sales, compared with only 4.6% in 2020. With the projected amount of EVs expected on the roads over the next few years, battery supplies will have to match demand, leading to batteries being a key factor in the decarbonization of the planet.