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Insights EVs

CHART: Global EV battery capacity rises in H1 2023 as EV sales surge worldwide

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Updated
CHART: Global EV battery capacity rises in H1 2023 as EV sales surge worldwide
Photo by Zaptec / Unsplash

The electric vehicle (EV) revolution is accelerating, and with it, the battery supply chain is gaining remarkable momentum.

Recent data from Counterpoint's Global EV Battery Tracker revealed a surge in global EV battery capacity during the first half of 2023, growing by an impressive 54% year-on-year (YoY) to surpass 300GWh. This robust growth in battery capacity aligns with the surging global EV sales, which also witnessed a substantial 43% YoY increase.

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Updated

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