21 Feb '13, 6pm

Study: Global lithium-ion battery sales will jump sixfold by 2019

Sales of Lithium-ion Batteries Soar with the Introduction of New Electric Vehicles, Finds Frost & Sullivan Technologies that help reduce emissions and lower dependence on petrol-based energy are gaining currency London - 20 February 2013 – The lithium-ion (Li-ion) battery market is racing ahead with the launch of eagerly awaited brands of electric vehicles (EVs) and hybrid EVs (HEVs). These types of vehicles are produced in much larger numbers than previous generations of EVs and HEVs, giving a boost to the installation of Li-ion batteries. Further, HEVs that previously used nickel-metal hydride (NiMH) technology are now shifting to Li-ion. New analysis from Frost & Sullivan (http://www.powersupplies.frost.com) Global Hybrid Electric and Electric Vehicle Lithium-ion Battery Market research finds the market earned revenues of $2.13 billion in 2012 and estimates this to reac...

Full article: http://green.autoblog.com/2013/02/21/global-lithium-ion-b...

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