"Battery storage in the power sector was the fastest growing energy technology in 2023 that was commercially available, with deployment more than doubling year-on-year. Despite the continuing use of lithium-ion batteries in billions of personal devices in the world, the energy sector now accounts for over 90% of annual lithium-ion battery demand."
In 2023, there were nearly 45 million EVs on the road – including cars, buses, and trucks – and
over 85 GW of battery storage in use in the power sector globally.
Source: IEA, 2024