German lithium-ion battery market increases eightfold since 2013

Electromobility and the expansion of renewable energies are the main drivers of the increasing demand for electrical energy storage

Germany's battery market saw a strong increase last year and this was mostly driven by the demand for lithium-ion batteries which has rocketed eightfold in seven years!

The data comes from the latest report by the industry association ZVEI, which suggests electromobility and the expansion of renewable energies, are the main drivers of the increasing demand for electrical energy storage.

Lithium-ion batteries are the key technology for the market ramp-up of electric vehicles (EVs) and are also used in many other areas such as cell phones, hearing aids or power tools.

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