The race for EV is on Batteries in 2010 were $1000/kwh, forecast for 2025 is $109/kwh and by 2030 will be $73/kwh. Wow, can't stop EV wave.
And they say by 2038, EV will surpass ICE
It’s reported that “surging investment in lithium-ion batteries, higher manufacturing capacity at companies including Tesla Inc. and Nissan Motor Co., as well as emerging consumer demand from China to Europe support BNEF’s projections… [and] the world may need the equivalent of 35 of the so-called Gigafactories like the one built by Tesla founder Elon Musk in Nevada over the next 13 years to meet the power demands of electric cars, according to BNEF.”
https://cleantechnica.com/2017/07/14/bloomberg-tesla-set-win/