McKinsey & Company – Amped up battery demand
October 21, 2025Although electric-vehicle sales have eased from their peak, battery technology continues to advance rapidly. While global trends point to market oversaturation, McKinsey analysis by Senior Partner Martin Linder and colleagues identifies distinct regional opportunities. Their review of the global market examined three demand scenarios—fading momentum, steady growth (base case), and acceleration. In the base case, global demand is projected to climb from roughly 1,970 gigawatt-hours (GWh) in 2025 to about 3,910 GWh by 2030. To seize regional opportunities, companies must anticipate demand shifts, develop a clear view of evolving regional supply–demand dynamics, and quickly secure reliable and cost-effective supply.
To read the article, see
The hidden trends in battery supply and demand: A regional analysis, August 26, 2025.
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McKinsey & Company – Amped up battery demand, source
