Market For Advanced EV Batteries To Quadruple By 2026

Market Data: Advanced Energy Storage for…Light Duty Passenger and Medium and Heavy Duty Buses and Trucks…

4Q 2017 (Navigant Research)

“EV sales continue to rise rapidly around the world. Declining battery costs have positioned these vehicles for dramatic market success in the years to come, and long-range EVs are now competitive in price among economy brands after subsidies. This milestone marks a threshold likely to move EVs from a niche vehicle option to the next vehicle option for many light duty (LD) and some medium/heavy duty (MD/HD) vehicle consumers. Due to the effect of emissions compliance requirements, charging infrastructure considerations, and customer awareness, sales of battery EVs (BEVs), plug-in hybrid EVs (PHEVs), and hybrid EVs (HEVs)—collectively referred to as xEVs—continue to vary in popularity across all regions…[Lithium ion (Li-ion) battery chemistry] has taken precedence, particularly with BEVs and PHEVs [and advanced battery energy capacity for automotive applications is expected to increase from 125 gwh in 2017 to 568 gwh in 2026]…” click here for more

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