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Worldwide Capacity of Lithium-Ion Batteries for EVs Will Multiply More than 10-Fold by 2020

Volt-Battery
Improvements in lithium-ion battery technology are helping to accelerate the worldwide market for electric vehicles.

In the last few years, automakers have shifted from nickel-metal hydride batteries to lithium-ion batteries.

This shift represents a major endorsement of Li-ion chemistry and its ability to perform consistently in an automotive environment.

According to a recent report from Navigant Research, total worldwide capacity of lithium-ion batteries for transportation applications will increase more than ten-fold, from 4,400 megawatt-hours (MWh) in 2013 to nearly 49,000 MWh by 2020.

The market for lithium-ion batteries will primarily be driven by the growth of battery electric vehicles, as they utilize much larger battery packs than plug-in hybrid electric vehicles. Today’s BEVs use battery packs ranging from 16 kWh to 85 kWh, compared to plug-in hybrid electric vehicles that typically use packs ranging from 4 kWh to 16 kWh.

Additionally, many recently introduced hybrid vehicles, such as the Honda Civic Hybrid, use lithium-ion batteries, and the percentage of hybrids using lithium-ion technology is expected to grow steadily as automakers update their models.

[source: Navigant Research]
May 19, 2013Blagojce Krivevski
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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+.

May 19, 2013 Electric Car Newslithium-ion, lithium-ion batteries, lithium-ion battery, Lithium-Ion Technology
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