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Electric vehicle battery market to reach $22bn by 2020
2013-01-23 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The market for lithium ion batteries used in electric cars is set to expand to almost $22bn by the end of the decade, according to new analysis by Pike Research. The predicted growth to around 14 times the size of the $1.6bn market recorded in 2012 is likely to be driven by technology improvements, advanced production techniques, and greater investment in research and development by auto manufacturers. Moreover, worldwide sales of plug-in hybrid and electric cars is set to reach 3.8 million...
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Category:Electronics and Electrical