26 Aug '15, 7am

Market for Li-ion Electric Car Batteries to Reach $30B in 2024

Market for Li-ion Electric Car Batteries to Reach $30B in 2024

Global automotive manufacturers continue their efforts to produce more vehicles utilizing electric drivetrains. Most OEMs have introduced battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) models, almost all of which use Li-ion batteries for onboard energy storage. Increasingly, hybrid electric vehicles (HEVs) are beginning to use Li-ion batteries instead of nickel-metal hydride, and now stop-start vehicles (SSVs) using Li-ion batteries are entering the market. When designing electric or electrically assisted powertrains, OEMs continue to tailor their design approach to each model, factoring in not only economy, but also vehicle range, driver experience, and performance. The immediate future looks to be secure for the Li-ion chemistry, and the move now is to continue to reduce costs while increasing energy density and vehicle range. These factors wil...

Full article: http://electriccarsreport.com/2015/08/market-for-li-ion-e...

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