Bcg matrix for autonomous vehicles9/3/2023 ![]() ![]() We estimate that a new battery-manufacturing plant with a total capacity of 30 to 40 gigawatt hours (GWh) per year could directly create as many as 3,200 jobs (exhibit). ![]() The rapid increase in demand would lead to the development of additional capacity along the entire value chain. That could happen if the industry follows the path of other renewable technologies such as solar and wind and enters a virtuous cycle in which increased scale drives down costs, which would accelerate growth in the market for electric vehicles (EVs). There is also a realistic scenario in which the market accelerates and hits $410 billion by 2030. We forecast that the market for battery cells will grow, on average, by more than 20 percent per year until 2030, reaching at least $360 billion globally. ![]() Battery use is more than an opportunity to eliminate vehicular CO 2 and NO 2 emissions in a world grappling with climate change scaling up production of battery-cell manufacturing capacity also offers significant value-creation opportunities for manufacturers, creates new jobs that pay well, and supports national economic growth. Batteries are emerging as a critical ingredient in the transition to a more sustainable future because of their role in electrifying transportation and balancing power grids. ![]()
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