By the numbers: Exports for the “new three” industries (solar, lithium-ion batteries, and EVs) reached a record $21.9B, according to Ember analysis. Solar led the jump at 84% growth, followed by lithium-ion batteries (+69%) and EVs (+65%).
The drivers? Elevated energy prices in the wake of the US-Israel war with Iran, plus shifting Chinese export rebates for solar and batteries. "This is just the beginning," said Ember senior analyst Euan Graham, pointing to months of unfolding knock-on effects from high fuel costs.
Molly Glick
Energy Central Team
Tue, Apr 21