Battery industries have a long history in Australia. Australian businesses like Century Batteries have been manufacturing lead acid batteries continuously since 1928. Demand for batteries is expected to grow sharply in the near future. The growth in domestic and global demand for a diverse range of batteries creates a significant opportunity for Australian battery manufacturers. This strategy aims to support Australian manufacturers to make the most of these opportunities.

Major economies around the world are acting quickly to secure the global capital investment, skills and mineral resources they need to build clean energy industries. However, more than 75% of batteries are currently produced in one country. As this market evolves, it’s important to ensure Australia builds sovereign capabilities where it is a necessary and efficient way to strengthen Australian economic resilience or security.

Australia has a role to play in diversifying global supply chains. Australian battery innovation and manufacturing can meaningfully reduce economic vulnerabilities and make an important contribution to Australia’s trade partnerships. Building this industry now will ensure Australia can develop and access the newest battery technologies, securing the economy and helping protect against potential market shocks.

Demand for battery recycling is also growing. Effective development of battery recycling practices and markets will be critical to ensuring that batteries continue to have a positive environmental impact and promote the growth of circular economy.

This strategy outlines how the Australian Government aims to support the domestic battery industry as it grows.