We need about 50 TWh of batteries to convert the world's cars to electric, and a similar amount to convert the world's grid to renewables. We're currently producing about 0.3 TWh annually, and have more than that coming online in each of 2022, 2023, 2024 and 2025.
So we should have at least a decade of strong demand to keep driving down prices. Of course those low prices will probably stimulate more use cases, but it does seem likely that those new uses aren't as large as vehicles or grid storage.
We need about 50 TWh of batteries to convert the world's cars to electric, and a similar amount to convert the world's grid to renewables. We're currently producing about 0.3 TWh annually, and have more than that coming online in each of 2022, 2023, 2024 and 2025.
So we should have at least a decade of strong demand to keep driving down prices. Of course those low prices will probably stimulate more use cases, but it does seem likely that those new uses aren't as large as vehicles or grid storage.