16 Apr '11, 12pm

Green Car Congress: Lux Research projects that bulk of energy

Lux Research projects that bulk of energy storage market for vehicles will be for e-bike and micro-hybrids 16 April 2011 The overall market for energy storage technologies that power electric vehicles is set to grow from $13 billion in 2011 to $30 billion in 2016, a compound annual growth rate (CAGR) of 18%. Despite the visibility of plug-in passenger cars with large packs such as the Chevy Volt and Nissan Leaf grab most of the headlines, the bulk of future growth will be driven by more humble vehicles, such as e-bikes and micro-hybrids, according to a new report from Lux Research. Titled “Small Batteries, Big Sales: The Unlikely Winners in the Electric Vehicle Market,” the report’s key findings include: Micro-hybrids offer auto OEMs the shortest road to improved fuel efficiency. Micro-hybrids, which apply energy storage only toward start-stop and/or regenerative braking a...

Full article: http://www.greencarcongress.com/2011/04/lux-20110416.html

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