Electric vehicles to account for 50% of Li-ion market

By Nilima Choudhury
Published: Thursday, 27 March 2014

Significance: Government legislation to move the world to a low-carbon and green economy has led to the increased uptake in hybrid and pure electric cars, positively impacting the growth of the lithium-ion battery sector.

Consumer interest and government legislation in hybrid and electric vehicles (EVs) will drive demand for lithium-ion (Li-ion) batteries, according to new research from IDTechEx.

Li-ion use is expanding beyond e-readers, tablets, laptops and mobile phones, with hybrid and EVs estimated to account for over 50% of the sector by 2024....

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