Have batteries just hit their exponential curve??

Battery energy storage is one of the critical keys to the success of the energy transition. That idea was written off by naysayers as pure fantasy not all that long ago, but batteries are now the single largest form of energy storage globally, this year surpassing the mighty pumped hydro for the first time. And batteries are only just hitting the steep part of the exponential growth curve! Even the uber-conservative International Energy Agency has now declared 'a new phase' has been entered!

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Reference Links

International Energy Agency report
https://www.iea.org/commentaries/the-battery-industry-has-entered-a-new-phase

Declining ICE vehicle sales
https://cleantechnica.com/2024/10/14/sales-of-cars-with-internal-combustion-engines-are-declining-in-us/

https://www.icis.com/chemicals-and-the-economy/2024/09/gasoline-diesel-auto-sales-have-moved-into-long-term-decline/
Increasing EV sales
https://newautomotive.substack.com/p/ice-sales-down-ev-and-plug-in-sales

Ford Blue Oval SK factory
https://electrek.co/2025/03/29/did-ford-time-blueoval-sk-factory-opening-perfectly-to-navigate-trump-tariffs/#:~:text=US%20President%20Donald%20Trump%20recently,battery%20factory%20going%20online%20perfectly

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