Volkswagen ID.Buzz and ID.Buzz Cargo German pricing and spec revealed

More

Fully Electric Genesis GV60 Arrives in the United States, starts at MSRP of $58,890

More

2023 Cadillac Lyriq priced at $62,990, offers EPA-estimated 312 miles range

More

New Range Rover Sport debuts with new minimalist look, gets new PHEV powertrain

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Prices for Li-Ion Batteries Will Fall by More Than One-Third by 2017

Prices of Li-ion batteries will fall by more than one-third by the end of 2017, as manufacturing efficiencies improve and access to lithium expands, according to a recent report from Pike Research.

In terms of revenue, the market for Li-ion batteries for transportation will grow from $2.0 billion annually in 2011 to more than $14.6 billion by 2017, the cleantech market intelligence firm forecasts.

“The market for Li-ion batteries will be driven primarily by plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), which require much larger battery packs than hybrids,” says research director John Gartner. “Battery chemistries that prioritize energy capacity over power density can satisfy both the PHEV and EV battery segments, enabling vendors to offer products to multiple vendors for multiple models. Reducing the installed price of EV batteries to $523 per kilowatt hour in 2017 will be a critical step towards making PEVs cost-competitive with petroleum-powered vehicles.”

Although most plug-in electric vehicles today have a range of between 40 and 100 miles, continued concerns over range and the availability of charging infrastructure remain among the biggest impediments to the wider adoption of Li-ion batteries. On the supply side, challenges such as achieving higher energy density, better safety, and greater discharge/charge rates linger despite advances in battery technology. Although a number of Li-ion chemistries are available today, none of them can claim to be the ideal solution. Manufacturers must make tradeoffs in choosing a particular type of Li-ion battery over others.

Managing transportation emissions and reducing energy insecurity due to a volatile oil industry are on the top of the agenda of many countries across the world. Electric vehicles have a significant role to play in both of those areas, and while EVs will continue to be a niche market through the remainder of this decade, the global automotive industry is beginning to move away from the internal combustion engine and toward electric drivetrains. For auto manufacturers, the key to this shift will be the continual advancement in the capabilities of the vehicles’ batteries, which will be led by lithium-ion chemistries. The convergence of the automotive industry toward battery power and the engineering of safe, reliable, and economical Li-ion batteries will slowly reshape the automotive industry as it moves toward electrification.

[source: Pike Research]
Mar 12, 2012Blagojce Krivevski
Mercedes to Lease B-Class F-Cell in CaliforniaFord Focus Electric Qualifies for California HOV Lane Access
You Might Also Like
 
Mitsubishi Readies All UK Dealers for EVs
 
Pike Forecasts 1.8m EVs on European Roads by 2020
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

March 12, 2012 Electric Car Newselectric vehicles, Li-ion, Li-Ion Batteries, lithium-ion, Pike Research
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
GWM ORA will launch into the UK market in Autumn 2022 with the Funky Cat First Edition
May 28, 2022
Wiesmann’s all-electric roadster ‘Project Thunderball’ raises 700,000 Euros for amfAR in public debut at star-studded Gala in Cannes
May 27, 2022
Volkswagen unveils two ‘Obi-Wan Kenobi’ inspired ID. Buzz vehicles at Star Wars Celebration
May 27, 2022
Acid test for the new high-tech ‘Bulli’: The Volkswagen ID. Buzz is put through its paces
May 27, 2022
Asahi Kasei Celebrates Centennial and Releases Next Generation Concept Car “AKXY2”
May 27, 2022
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
GWM ORA will launch into the UK market in Autumn 2022 with the Funky Cat First Edition
May 28, 2022
Wiesmann’s all-electric roadster ‘Project Thunderball’ raises 700,000 Euros for amfAR in public debut at star-studded Gala in Cannes
May 27, 2022
Volkswagen unveils two ‘Obi-Wan Kenobi’ inspired ID. Buzz vehicles at Star Wars Celebration
May 27, 2022
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.