Worldwide Electric Car Battery Market Expected To Grow 66% This Year (Video)

JUL 2 2016 BY ERIC LOVEDAY 5

Japanese research firm B3 has released a report on the worldwide electric car battery market.

Chevrolet Bolt EV's 60 kWh Battery (Cells by LG Chem)

Chevrolet Bolt EV’s 60 kWh Battery (Cells by LG Chem)

According to the report, the electric car battery market will grow by 66.8% this year and another 57% next year.

Of interest:  In relation in actual sales, our global scorecard tallied 550,297 plug-in vehicle registrations in 2015, which was a 71.% increase

The worldwide battery market for electric cars is expected to hit 16,700 kWh this year and 26,000 next year.

Video description:

The electric vehicle battery market is expected to grow steadily over the next two years.

According to Japanese market research firm B3, the market will grow 66-point-eight percent this year from the previous year to more than 16-thousand-seven-hundred kilowatt hours.

Next year, the market is expected to grow 57-point-seven percent on-year to over 26-thousand kilowatt hours.

A report by the OECD and the International Energy Agency shows the accumulated sales of electric vehicles worldwide stood at one-point-two-six million units at the end of last year.

With governments around the world actively supporting the EV industry, experts expect the market to grow rapidly.

Categories: Battery Tech, General

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5 Comments on "Worldwide Electric Car Battery Market Expected To Grow 66% This Year (Video)"

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16 700kwh? That seems low. Mwh maybe?

You’re surely right it’s way too low. Just 1000 LEAFs with the small pack is 24 000 kWh after all.

As a rough estimate, say the 2016 BEV market (hence ignoring PHEVs) is 300 000 cars (should be low if Chinas claimed sales are believed) with on average 40 kWh =>> 12 000 000 kWh.

That’s conservative, so 16 700 MWh seems very plausible.

It has to be 16,700MWh

“In relation in actual sales, our global scorecard tallied 550,297 plug-in vehicle registrations in 2015”

At 16.7GWh (16,700MWh)/ 550,297 vehicles = 30.3kWh average.

16,700 MWh makes a bit more sense, for sure, since 16,700 kWh = just 185.5 Tesla Model S/X with 90 kWh packs! (Or 222.6 with 75 kWh packs!)

16,700 kWh is only 506 new 33 kWh BMW i3’s, as well! Looks like the author has different math than we do!

lithium battery and lead acid batter, which one grow more?