Market for Li-ion Electric Car Batteries to Reach $30B in 2024

Global automotive manufacturers continue their efforts to produce more vehicles utilizing electric drivetrains. Most OEMs have introduced battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) models, almost all of which use Li-ion batteries for onboard energy storage. Increasingly, hybrid electric vehicles (HEVs) are beginning to use Li-ion batteries instead of nickel-metal hydride, and […]