Electric Vehicles Update - EV Battery Plant Market Grows Amidst Green Revolution
The global EV batteries plant construction market is experiencing robust growth, driven by increasing demand for electric vehicles as consumers and governments seek to reduce carbon emissions. The market, valued at $13.6 billion in 2024, is projected to reach $26.5 billion by 2030, with a compound annual growth rate of 11.8%. This expansion is supported by government incentives like subsidies and tax rebates, alongside innovations in battery technology, such as solid-state batteries, which...