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AAP
AAP
Business
Jennifer Dudley-Nicholson

Electric car batteries could fuel a $17 billion boost

Industry and Science Minister Ed Husic has announced findings from a battery industry report. (Lukas Coch/AAP PHOTOS) (AAP)

Australia could add more than 61,000 jobs and almost $17 billion to its bottom line if it made more electric car and solar storage batteries in the country, a report has revealed.

The Charging Ahead study, released by the Future Battery Industries Co-operative Research Centre on Wednesday, revealed demand for lithium-ion batteries had soared over the past 18 months, exceeding initial forecasts by 64 per cent.

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