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Forecast: Lithium-ion Automotive Market Could Reach $1.6B by 2015; Strong HEVs to Dominate

Posted on May 13, 2008

The market for Li-ion automotive batteries will be dominated by full hybrid applications in 2015, according to Dr. Anderman. Click to enlarge.Dr. Menahem Anderman, the president of Advanced Automotive Batteries, projects that the automotive lithium-ion market could reach $1.6 billion in 2015, up almost five-fold from $337M in 2012, propelled largely by a dramatic expansion in the use of Li-ion batteries in strong (or full) hybrid applications. Anderman bases his forecasts on his work with automotive OEMs, battery manufacturers and materials suppliers.According to the forecast, strong hybrid ap...

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