Lithium-Ion Battery Sales Expected To Increase By More Than 700% By 2017

Many hope that electric vehicles (EVs) and plug in hybrid electric vehicles (PHEVs) will grow in popularity to overtake petrol and diesel cars, and help reduce our reliance on oil, whilst also reducing carbon emissions. Pike Research, a market research and consulting firm focussing on clean technologies, has released a new report named “Electric Vehicle Batteries”. The report describes that the market revenue for Lithium-ion batteries used in EVs and PHEVs “will grow over 700%, from $2.0 billion annually in 2011 to greater than…

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