The Global Market for #LithiumIon #Batteries for #Vehicles is Expected to Total $221 Billion from 2015 to 2024, According to Navigant Research

Posted on February 17, 2016 by Nanthakumar Victor Emmanuel, P.Eng One comment

Global automotive manufacturers continue to push forward vehicles that utilize electric drivetrains, including battery electric vehicles (#BEVs), plug-in hybrid electric vehicles (#PHEVs), and hybrid electric vehicles (#HEVs). With this push comes an increased need for onboard #Energy storage, and #LithiumIon #Battery chemistries are becoming the storage method of choice for many automakers.