Lithium Ion Batteries for Electric Vehicles to Approach $8 Billion in Sales by 2015, Forecasts Pike Research
Business Wire, Dec 03, 2009
BOULDER, Colo. — As the global market for electrified vehicles grows rapidly over
the next several years, lithium ion (Li-ion) batteries in a variety of
chemistries will be the technology of choice for auto manufacturers.
The opportunity for Li-ion batteries will be primarily driven by
plug-in hybrid and all-electric vehicles, which require much larger
battery packs than conventional hybrids. According to a new
report from Pike
Research, this market growth will create a Li-ion
transportation battery industry with nearly $8 billion in sales
worldwide by 2015, up from $878 million in 2010.
In the near term, the Li-ion market, and the electric vehicle (EV)
industry in general, will be largely fueled by government subsidies,
incentives, and production goals
auto electrical brisbane