Growing demand for plug-in hybrids could mean good news for electric
vehicle (EV) battery manufacturers over the next eight years,
possibly enabling them to avert a battery oversupply, a new study
"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.
such as Toyota's Prius PHV could be critical to the success
of the lithium-ion EV battery market.
the complete story at Design News.