We believe developments in battery technology represent an emerging megatrend, driven by massive attention to climate change alongside rapidly evolving technologies.
In our view, battery solutions are the core of our world’s energy transformation, and the falling costs per unit of energy is helping drive battery adoption and growth. Lithium-ion battery costs have declined 80% in the last decade, primarily driven by economies of scale and increased competition.1 Until recently, batteries were primarily used in portable electronic (ex: mobile phones). As battery technology has improved and scaled, it has been used in large applications, including electric vehicles and stationary storage solutions.
The WisdomTree Battery Value Chain and Innovation Fund (WBAT) offers exposure to businesses seeking to capitalize on the growth in the adoption of battery and energy storage solutions.
1 Source: Wood Mackenzie as of 10/31/2021
Electric Vehicles are Expected to Drive Battery Growth
Source: Wood Mackenzie