Lithium-Ion Batteries for EVs to Grow from $878 Million Market in 2010 to $8 Billion in 2015
Rapid Progress and Money to be Made
Pike Research has released a study today that projects the growth of the transportation lithium-ion battery market over the next few years. Investors should pay attention, especially in these uncertain economic days: "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. According to a new report from Pike Research, this market growth will create a Li-ion transportation battery industry with nearly $8 billion in sales worldwide by 2015, up from $878 million in 2010."
Source: Pike Research
The report predicts a very important strategic inflection point around 2012 when government help might start to wind down. It will be crucial at that point for private demand to "pick up the slack" to avoid oversupply and thus a slow down in investments.
The price of li-ion batteries is forecast to go down by about 50% by 2015, from $940 per kilowatt hour (kWh) in 2010 to $470 per kWh in 2015. That's certainly good news! And who knows what kind of breakthrough might happen in the meantime; maybe things will go even better than predicted (though of course they could also be worse).
Via Pike Research, Green Car Congress
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