Li-Ion Batteries for EV Will Surpass $26 Billion in Annual Revenue by 2023

The steady increase in sales of electric vehicles has led to advances in EV batteries, particularly those using li-ion technology. While early hybrid vehicles featured nickel-metal hydride batteries, Li-ion batteries have taken over, particularly in the latest generation of plug-in electric vehicles. According to a new report from Navigant Research, worldwide revenue from Li-ion batteries […]