Lithium ion batteries for electric vehicles set to reach $8bn in sales by 2015
The study suggests that lithium ion (Li-ion) batteries in a variety of chemistries will be the technology of choice for auto manufacturers.
The opportunity for Li-ion batteries will be primarily driven by plug-in hybrid and all-electric vehicles, which require much larger battery packs than conventional hybrids.
In the short term, the Li-ion market, and the electric vehicle (EV) industry in general, will be largely fueled by government subsidies, incentives, and production goals. "2012 will be the make or break year for the electric vehicle market," said senior analyst John Gartner. "As government support for the sector winds down, demand from consumers and businesses will need to pick up the slack, or the industry faces the risk of oversupply."
Gartner anticipates that prices for Li-ion batteries will be a key determinant in the ultimate market acceptance of EVs, since battery cost will represent much of the price premium for electric vehicles. He forecasts that Li-ion prices will improve significantly over the next few years, falling 50 percent from $940 per kilowatt hour (kWh) in 2010 to $470 per kWh in 2015.
Pike Research's report, "Electric Vehicle Batteries", examines the key market dynamics for Lithium Ion batteries in plug-in hybrid and battery electric vehicles. Analysis includes industry and government drivers for the electrification of vehicles, and the role of advanced battery technologies in the development of this new sector. The report includes profiles of key players and market forecasts through 2015. An Executive Summary of the report is available for free download on the firm's website.
- Europe loses PV market lead to Asia in 2013
- 12V, 20A DOSA compatible quarter brick DCDC converter
- Future urban mobility: the autopilot takes over
- Paper-thin ultracapacitor aims to boost Li-ion battery performance
- GaN transistors promise more light for less energy
- PMA reveals advanced specifications for vehicle wireless charging
- Roll-up digital screens near reality for all
- 60-A digital POL dc-dc module sets performance benchmarks
- Micro smart grid plugs renewables into EV fleets
- Cree claims the most powerful SiC Schottky diodes
- Liquid crystal waveguides split optical fibre signal at MHz speed
- Are quantum dot solar cells commercially viable?
- Ultra-low-power STM32 (ARM) MCUs add memory up to 512 kB
- PMIC for RF agile-radio applications and FPGAs
- CMOS battery fuel gauges reduce power consumption
- Newswatch: Mediatek v Qualcomm – let the duelling commence
- Newswatch: Tesla sketches out roadmap for the future?
- Tesla targets battery innovation to reduce EV costs
- Simple PS voltage splitters based on audio amplifiers - Part 2
- What technologies to watch for in 2014? – Part 2
- Pomegranate inspires silicon anode breakthrough for lithium-ion batteries
- How to extend a power supply for droop compensation
- Hydrogen battery aims to replace lithium in battery-powered devices
- Power Tip 68: Pick the right turns ratio for a fly-buck converter
- Novel anode breakthrough allows fast charging of next-generation batteries
- Power line communication implementation for DC applications
- Simple PS voltage splitters based on audio amplifiers
- IBC solar cell achieves efficiency of 24.4 percent
- Measure small impedances with Rogowski current probes
- Fast or quick, just be better than slow
- ON Semiconductor Hybrid Power Solutions
- High Efficiency, 150V 100mA Synchronous Step-Down Regulator
- High-voltage DC distribution is key to increased system efficiency and renewable-energy opportunities
- Using Next Generation Power Firmware to Simplify Energy Star Compliant Designs
- 3mm Ã— 3mm QFN IC Directly Monitors 0V to 80V Supplies
- Adaptive Cell Converter Topology Enables Constant Efficiency in PFC Applications
- Ultra-compact and innovative - new Schaffner IEC inlet filter series