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Lithium-Ion Battery Revenue For EVs – $26.1 Billion in 2023

“…worldwide revenue from Li-ion batteries for EVs will grow from less than $6 billion in 2014 to $26.1 billion in 2023.”

Chevy Volt Battery
That’s according to a new report put out by Navigant Research.

Navigant credits the “steady increase in sales of electric vehicles” with the predicted rise in global revenue from lithium-ion battery production.

David Alexander, senior research analyst with Navigant Research, states:

“The shift to lithium ion represents a major endorsement of the ability of this chemistry to perform consistently in an automotive environment. Most of the major automakers have introduced battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) models in the last two years, almost all of which use lithium ion batteries for onboard energy storage.”
More http://insideevs.com/lithium-ion-battery-revenue-evs-grow-6-billion-2014-26-1-billion-2023/

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