China to Become EV Battery Market Leader
According to a study conducted by Pike Research, China will become within the next five years the leader of what is expected to be an 8 billion market: battery manufacturing. The outlook is China will account for 53 percent of the world's battery sales.
The facilities which will be in charge of producing batteries will become more effective by 2015, bringing the cost of Li-ion vehicle batteries down to half of what it currently is.
Pike believes that sales of electric vehicles in Asia will reach 1.1 million in 2015, more than the US' and Europe's put together.
"The Obama administration is making a concerted effort to prevent the failure of the U.S. auto industry, and that will bolster development of the U.S. battery industry through 2012," Pike senior analyst John Gartner said in the report called Electric Vehicle Batteries. "But political shifts and market realities could remove that safety net."
Pike released last week its expectations when it comes to the infrastructure required to operate electric vehicles. The findings were, to say the least, impressive: 4.7 million charge points installed worldwide from now and until the year 2015. In parallel, there will be around 3.1 million EVs on the road by the same year.