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.
- Silicon fibres offer cheaper solar power benefits
- Can garnet ceramics unleash high-energy lithium batteries?
- 200-mA power supply supports 64 DALI device network
- Can Big-data solution free EVs from range anxiety?
- Next generation aqueous hybrid ion battery delivers 40 percent more energy
- 40V, 400mA output, step-down regulator has dual tracking LDOs
- IP builds low power memory for LCD drivers and touch screen controllers
- ConvenientPower partners Qualcomm to accelerate wireless charging ecosystem
- Graphene aerogels promise enhanced energy storage performance
- Supercomputer simulations point path to better Mg-ion batteries
- Simpler circuit design unlocks power of superconducting devices
- Automotive-grade, integrated power regulators from Altera/Enpirion
- Ultra-low-power touch button controller for battery-powered applications
- Breakthrough for traction batteries? Ultra-fast battery charges in 2 minutes
- TDK expands UK-based power supply R&D facilities
- Can a liquid battery make renewables more competitive?
- World’s first solar battery promises cost savings
- A guide to selecting power supplies for LED lighting applications
- Trends in power supply packaging – advances in component integration
- Top 5 things to know about wireless power design
- Cordless power tool adopts wireless charging solution
- EC puts true cost of energy in the spotlight
- 'Smart' lithium-ion battery alerts users to fire risk
- Ultra-fast charging batteries are capable of lasting 20 years
- Airbus bring back lithium-ion batteries on A350-900 fleet
- Is FPGA power design ready for concurrent engineering?
- Position encoding in battery-powered electronics
- 2D photonic crystal boosts solar energy harvesting potential
- X-ray imaging reveals path to extending battery lifetimes
- Pin-shaped lithium ion battery targets wearable device market
- A Novel Approach to Industrial Rectifier Systems
- Smartphone SoC Power Efficiency - DVFS Capacitor Switching
- Power Modules: The New Super Power
- Digital Power Management Reduces Energy Costs While Improving System Performance
- How to Charge Supercapacitor Banks for Energy Storage
- Comparing harmonics mitigation techniques
- New Linear Regulators Solve Old Problems