The firm estimates that the total addressable market for EV batteries will hit $525 billion by 2040
18 November 2021 | Pippa Stevens | CNBC
Cristobal Olivares | Bloomberg | Getty Images
The global battery economy is the “new oil” and will reshape century-old supply chains while establishing a new industrial order, according to Morgan Stanley.
Much of the attention surrounding electric vehicles focuses on the car companies themselves — Tesla, Lucid, Rivian, etc. — but there are many more ways for investors to capitalize on the burgeoning industry.
The firm estimates that the total addressable market for EV batteries will hit $525 billion by 2040, amid a sharp jump in EV sales driven by technological advancements and supportive policies. ESG factors will also boost sales.
The remainder of the story is behind their paywall. But this tells us just about everything we common folk need to know. JP
