Design Article
EV demand could boost embattled battery vendors
Charles Murray
1/15/2013 12:56 PM EST
"We're seeing the emergence of the plug-in hybrid," David Alexander, author of Pike Research's new Electric Vehicles Batteries study, told Design News. "They have smaller battery packs, which make electric vehicles more affordable. So it's possible that they could absorb the (lithium-ion battery) excess over the next few years."
The new study projects a $22 billion worldwide market for lithium-ion EV batteries by 2020. Because battery-electric vehicles (BEVs, like the Nissan Leaf) use batteries that are, on average, 20 times the size of those in conventional hybrids (like the Prius), the market will depend heavily on the success of BEVs and other plug-in vehicles, Alexander told us. As such, the $22 billion market will be broken up into three components: $15.2 billion of it will be in battery-electrics; $5.2 in plug-in hybrids; and $1.5 billion in conventional hybrids.
(Source: Toyota)
Read the complete story at Design News.
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docdivakar
1/21/2013 2:02 PM EST
What would be interesting to know is the percentage of the market for raw materials, in particular, Lithium, in the figure $22 billion quoted above.
MP Divakar
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William Miller
4/5/2013 9:37 AM EDT
Making batteries is better than polluting air with CO2! I'm for it with both hands! I just wish their production wouldn't be polluting and harmful. And the treatment of already used batteries should be as safe as possible!
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William - http://www.carid.com/
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