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LIBs for EV – Technology Issue and Market Forecast (2011 – 2020)

After Anyos Jedlik invented an early type of electric motor in 1828, various Electric Vehicle (EV)-related companies including Morrison Electric Vehicle, Baker, and Coulmbia were established in the United States in 1890s.

In 1904, EV companies produced 2000 units of taxis, trucks, and buses and expanded their taxi and car rental businesses from New York to Chicago and about 57 small businesses were producing about 4000 electric cars. However, electric cars surrendered its leading position to gasoline-powered cars and have not made remarkable progress until the early 2000s. The key reason behind this failure to lead the market was because electric vehicles adopting batteries are more expensive, slower and have a shorter driving range than those using internal combustion engines. Furthermore, they failed to keep abreast of the rapid progress being made in gasoline-powered vehicles and have significantly decreased in number, losing its footing.

The biggest obstacle to expanding the EV market is the ability of batteries to power electric motors. In other words, the development of new battery technologies is the key to expand the EV market. Although traditional lead-acid batteries and Ni-MH batteries have been used in electric cars, lithium-ion batteries are currently receiving most attention and integration into new secondary batteries such as Li-S and redox flow batteries is also being considered.

This report provides close examination on technological issues of currently available batteries used in electric vehicles in terms of energy density, prices, safety, and low-temperature performance, and long-term reliability and new technologies and applications being developed to solve the current technological challenges. In addition, the EV battery market forecast section is dedicated to analyzing and forecasting the EV and EV battery markets by country, technology, and type.

According to the analysis of the EV battery market provided in this report, the EV market is expected to reach 1857 vehicles in 2020 compared with 0.91 million vehicles and the EV battery market is expected to hit 84.1GWh ($28.8 billion) compared with .4GWh($2.6 billion) in 2011. Although Ni-MH (nickel–metal hydride) batteries used in Toyota’s HEVs (hybrid electric vehicle) have driven the EV battery market so far, the sales of PHEVs (plug-in hybrid electric vehicle) and BEVs (battery electric vehicle) whose capacity is about 20 times higher than that of existing HEVs are gradually increasing. Furthermore, as the competitors are strategically expanding EV lineup adopting LiBs, the LiB market share is expected to increase from 56.4% of 2011 to 91.8% in 2020. Although PHEVs and BEVs are now accounting only small portions of the entire sales, they are expected to drive the growth of the EV battery market due to their high capacity.

This report provides close examination on technological issues and solutions for EV batteries and a comprehensive analysis of the global EV and EV battery markets.

Key Features

– Current technological issues over EV batteries and development trends for technological solutions.

– R&D and business trends for EV battery technologies by country, and manufacturer.

– Global EV market analysis and forecasts by technology and type (2011-2020).

– Analysis of global EV battery sales by technology, type and manufacturer and market forecast (2011 -2020).
Source reearchandmarkets.com

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