IEA report claims batteries are ‘changing the game’

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A new report from the International Energy Agency, reported in The Engineer, shows how the rapid growth of batteries is underpinning decarbonisation of the electricity and transport sectors.

According to the report, the cost of batteries has fallen by 90 per cent over the past 15 years, one of the most dramatic ever reductions in the history of clean technology. This has been driven in part by the expansion of the electric vehicle market, where sales have gone from 3 million in 2020 to almost 14 million in 2023.

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