The universe needs battery technology to thrive

Several reasons include:

1. The support will further reduce the production costs of EV and create a multiplier effect. The more competitive the EVs become, the more demand will be created and hence it will again create more demand for the batteries.

2. As the demand for EVs continue to climb in the future, the more requirement for the cleaner energy in the whole process. Cleaner energy requires more batteries such as in storage, distribution and also other transportation means.

3. Batteries are not only for the energy and transportation segments, but also in other daily lives need such as electricals and electronics.

Be it short term or long term, the battery business will slowly gain its traction and become the next profitable business similar to the future Amazon, Microsoft or Nvidia.

Any batteries will do. Unless the business is not managed professionally well.