Lithium-ion EV batteries on a production line. SweetBunFactory / iStock / Getty Images Plus
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To meet clean energy and net-zero targets by 2030, as set during COP28, the International Energy Agency (IEA) says that rapid expansion of battery storage capacity is necessary.
According to the agency, a rollout of batteries needs to increase six-fold compared to current rates in order to meet global climate goals.
IEA reported that battery costs have decreased by more than 90% over the past…
Read the full article originally published at www.ecowatch.com.