The battery business is booming, and a new report from Navigant Research aims to flesh out the picture with some facts and figures. “Advanced Energy Storage for Automotive Applications” predicts that the global market for automotive Li-ion batteries will grow from $7.8 billion in 2015 to $30.6 billion in 2024, an almost fourfold increase. Total… Read more »
The electromobility revolution is still in its early days and, as was the case with the internet twenty years ago, it’s far from clear what the brave new economy is going to look like. One major unanswered question: will public charging ever be a profitable business in its own right, or will it make more… Read more »
Batteries are big business. According to the latest Advanced Battery Tracker from Navigant Research, more than 6 billion advanced battery cells were sold in 2013, representing 40 gigawatts of power capacity and more than $13.4 billion in sales (a modest increase over 2012’s $12.8 billion). The majority of these batteries were manufactured in China. Most… Read more »
Global plug-in vehicle sales are projected to grow at an eye-opening rate – according to a new report from Navigant Research, the market for light-duty plug-in electric vehicles (LD PEVs), will expand at an annual rate of 24.6%, while the overall market for light-duty vehicles will grow at only 2.6%. But where will most of… Read more »
According to Navigant Research, the prospects for wireless EV charging have taken off in the last 12 months, as several major automakers plan to bring wireless systems to market, and a significant portion of the industry believes that wireless technology represents the future of charging. In a new report, Wireless Charging Systems for Electric Vehicles,… Read more »
A new report from Navigant Research examines the market for second-life batteries. Noting that over 100,000 EVs have been sold thus far (nearly 180,000 according to Plug-In America), and that the battery packs are usually warranted for 8 to 10 years, after which they will retain an average 80% of their original capacity, Navigant asks:… Read more »
A new white paper from Navigant Research forecasts global EV sales of over 346,000 units in 2014. Navigant sees expansion at the higher end of the market, as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce new plug-in models; and in the middle, with new offerings from Kia, Mahindra, Skoda, and Volkswagen. “Electric Vehicles: 10… Read more »
Many industry observers are predicting huge growth in the EVSE market. A new report from Navigant Research agrees, projecting global demand for charging equipment to grow from around 442,000 units and $567 million in 2013 to 4.3 million units and $5.8 billion in revenue in 2022, a compound annual growth rate of 28.8%. The market… Read more »
In a new report, Navigant Research profiles 11 Li-ion battery vendors that are active in the EV market, and rates them on 13 criteria, including systems integration, safety engineering, chemistry performance, geographic reach, manufacturing and product performance, pricing, and overall corporate financial health. According to Navigant, “Li-ion batteries have won the race to be the chemistry… Read more »
The growing acceptance of plug-in vehicles has spurred a “burst of activity” in the development of charging infrastructure (also known as electric vehicle supply equipment, or EVSE), mostly in North America, Europe, and Asia, according to a new report by Navigant Research. Much of the activity has been supported by large government investments, but this… Read more »